They were comfortable lending us $10k and said they didn’t want us to pay them interest on it; just pay back the principal when we closed on the house.

The “what if’s” are still there, and they’re still scary, but you become more comfortable and confident around them.The big “what if” that scared me from the pole barn project was, “What if I fall and can’t provide for my family?

I feel more comfortable considering the replacement.

I don't think i'd be comfortable with a 1/1 as my first investment, haha.

Basic questions which they will all be about the same no matter what brokerage you go to, base who you hang your license with the culture and the atmosphere that you feel the most comfortable with.Hope this information helps.

If you can get comfortable with this, you'll have a serious edge over other investors. 3) On cap rate, I've seen some sub-10 cap rates on properties that have needed hook ups to public sewer and on properties that have run out of water in the wells.

Again, no experience so I'll differ to you.I had considered calling the realtor and asking for that information, but I didn't want to waste their time until I felt more comfortable with the numbers and had a serious talk with my partner about possibly moving forward on the property.Updated Numbers.Monthly Income:$3,555.00Monthly Expenses:$2,930.03Monthly Cashflow:$624.97Pro Forma Cap Rate:9.19%NOI:$17,300.00Total Cash Needed:$64,500.00Cash on Cash ROI:11.63%Purchase Cap Rate:10.48%That's with keeping the $395 rent.

I am not comfortable inheriting somebody else's self-destructing four-plex, since it might be that we actually have to tear up the whole sidewalk along the east side of the building if the problem is underground.

You will find it very difficult if not impossible to scale up to a level where you are consistently making profits you can live comfortably off of if you DIY everything.

There are also pockets of good and bad neighborhoods within the different regions, so it's important to either check the neighborhood out yourself, or work with someone who can provide guidance.Adding to what has been said about SE Arlington and Burleson (which I agree with), here are some other areas for you to look into, keeping always in mind that within those areas are pockets that might be good or not so good.Hurst, Euless, Bedford, Watauga, N Fort Worth, Blue Mounds, Saginaw, Azle, White Settlement, Benbrook, Crowley and some parts of SW Fort Worth (outside the loop).Not sure how you are sourcing your deals (it sounds like MLS), but keep in mind there are cheaper ways to buy houses if you are comfortable with doing a rehab (or having it done for you).