25 units in E Texas - what to avoid

[Reuben H.]

I'm looking to buy a 25-unit property in east Texas. I'm open to a trailer park or apartments. Any tips on what to avoid?

Taxes, restrictions on evictions, termites, leans, mineral rights, etc

[Alfred Litton]

@Rueben H I invest in SFHs in Wichita Falls, and it's a stable market.  I have doubts about multifamily there, though, because SFHs go for about what a decent 2-bd apartment would.  Many rent SFHs rather than apartments as a result. Plus, you'll want to consider the fact that Sheppard AFB is the largest employer, and they have plenty of multifamily for those personnel. The base personnel who don't want to live in base housing generally rent SFHs because they're more spacious.