I just closed on my first deal, 10 units in upstate NY. I purchased it for $190K and paid myself an $8,000 acquisition fee at closing. I raised the money from an investor and so I have none of my own money in the deal. The property is already worth a lot more than what I paid for it and I'll refinance in a few months. Michael, I'd like to thank you for your apartment buying system and for the personal coaching. You helped me do my first deal, and I'm already working on several (larger) ones.