Why buy a fourplex, when just slotting yourself into 5+ units drops the cost per square foot by at least $100?  

But if I were you instead of trying to "go it alone" in any part of REI if you are new, find an REI club like @Nathan suggested and find someone to Mentor youe en if you arrange a small fee for a regular time slot to watch them work, an agent, an investor, whoever -- any successful person who's done successful deals and can train you how to think/look, how to select which *type* of REI might be right for you even.

Once you fill those slots up, your can still use bank money using commercial loans.  

So if they tell you to file you have to file.Settling out of court though I don't believe is in his best interest unless the tenant is out, the money due is paid and the place has been checked for damages and the remaining deposit is slotted and ready in a check.

I have a pretty good gameplay but I would like to hear form all of you as to what your course of action would be.Thanks,Chance 

Your electric panel might have some slots where "tandem breakers" can be used, which would allow for adding circuits. http://www.ashireporter.org/homeinspection/article...

I always hate that going back and fourth with someone trying to find those free time slots that match up or double booking.

Here is from FL statues 475.43"All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserve"I will welcome the day when all the frauds and game players are mostly out of business.

Slot in it already.  

Here are the $s:-purchased at $56k-rehab cost of $14k-prepaid interest with my hard money loan (no payments now)-$900/mo projected rental income with tenant paying utilities-appraised at $99,900-I have an offer on the table for $89,900 plus $3,000 seller paid closing costs.I learned s lot on this deal and it wasn't a great one, so neither option (keep or sell) is an awesome one, but I'm new to this and trying to start small and learn.