But when a template lowball offer comes in (not sure what it's supposed to do beside tick off the seller) You won't be able to recover from your first impression. 

A B class rental here is probably different than a B class rental in your area as is the profile of the tenant that occupies it.

LPs vet the operator first, not the deal.

Focus on saving and researching financing while networking with real estate professionals to prepare for your first investment.Dont forget to add tax savings to your ROI for better decision making.This post does not create a CPA-Client relationship.

I focus on finding deals that meet specific criteria, and I always keep my underwriting conservative to make sure the numbers work even on a worst case scenario.Right now, my big goal is to land my first property, ideally 20+ units in Florida, and build a strong portfolio from there.

If I pay off the first lender, how can I foreclose on the property using the total balance of both loans.

Definitely do homework on making sure you can get a clean title and make sure that the foreclosure was on the first lien.  

This would be my first property that requires renovation.

One would think a tenant with an ounce of brains would change their habits with the first violation.You need to get rid of this tenant. 

The first year we spent $45,000 on the program, and our deal flow doubled with our net profit up 70 + %.