Our yearly taxes are $3900 and our current insurance costs are $866/year.

. $200 per year-E&O Insurance ...... . . $700 per year-Continuing education classes..... $200 per year-Test and Study materials to get license- $500-Brokerage fees - Depends on the broker

Until I found out all of my securities licenses were useless unless I could either sell enough life insurance or conduct enough stock transactions to make a living.

First thing you should do is make sure you have plenty of liability insurance.

At the same time, I have to learn somehow, as I'd like to grow my rental business in the future.In the Good/Fast/Cheap equation, I don't need it Fast (not carrying a mortgage or construction loan, so taxes/insurance/lost rental income is the only downside of taking a long time), but I'd like it Good and Cheap.Am I foolish for thinking I can oversee a project of this magnitude?

This insures that they will close and if they don't you can hopefully get an extention.I personally wholesale and cherry pick the best deals to fix and flip using funding from private lenders.

Thanks Rick, it dumbfounded me how a closing attorney/title agent would insure a title gained by AP without investigating it.

I always assume 6 months of holding costs (taxes, insurance, utilities, interest).

1st rule of any lender, skin in the game. no insured lender will give you a loan at really any LTV with none of your money in the mix.Consider a Sub-to transaction. :)

Hope everyone is doing well, stumbled across this site and hoping I can get some valuable input.I'm 26 y/o went to school for finance and insurance at Northeastern in Boston.