Rentals in Dallas and Tarrant county

[Raman Saka]

Is it really possible to make money on rentals in Dallas and Tarrant County anymore ?

I am finding that the prices and rents have increased very disproportionately so that it's hard to hit the 50% number. I mean with lowest down payment of 20-30% and commercial loans (@ 5-7%) the rents will rarely be double of the mortgage payment. The market is flooded with wholesalers and its hard to tell how deep is the chain of wholesalers in a particular deal. On duplexes I run the numbers and make offers which leaves $100 /door profit, I know that’s like walking on ice. One missed rent payment or an eviction wipes out 6 months profit. Even then I am getting out bid by other investors. 1 % rent on price is also very hard to get.

Do you see something similar to what I am seeing and what options do you see for out of state investors in this situation?