Oh, keep listening to yourself and not your parents, friends, or anyone who tells you “you can’t do it!”

I am about to close on a property contingent upon inspection and according to the disclosures “NW corner of property was regraded to control water”.I have not seen property as I am out of state but will see through video this week during inspection.This term is new to me as I tend to buy newer properties.What would be your concerns about this property?

Also on top of that an idea that I had for that was me moving out of my parents house and into a home that has equity, live in it for about a year, fix it up and possibly take out that equity and put it into our first actual investment home under the company’s name.

I think $625 a year is fine.I use AT ONCE Termite and Pest Control I think they might be little expensive than $625, but I like their service.

I current live with my parents and have been working my butt of for the last year and a half saving cash.

I am doing IO for first 5 years...so our cash flow is not reduced substantially and allow me some time to acquire(the purpose of the refi is to diversify our RE equity) an underperforming multi in CA, and despite rent control, be able to increase rents(via organic turnover and annual increases) without being super aggressive, and between the primary asset and the newly acquired asset, have the five years to increase the cash flows on both assets, so that when the loans(will leverage the secondary asset, too) goes to P&I we are not missing any cash flow and probably doing a bit better, despite the increased debt service.As for the lower LTV, I am being conservative and trying not to overextend our leverage.

One thing I gain from your breakdown is cash on cash , over years can significantly be reduced, if the ratio of rising rents versus expenses and capital improvements are out of control!!

They have an "Alternative RE Investing Strategies" meetup that would be worth attending after Covid-19 is under control.

A single family property probably will have the least headache, and you have a better control than condos.

Summation:  There is no protection for property owners from the appraisal industry where there are clearly people who want to control the price of properties and hold the keys when people are trying to buy or refi properties.