I was stunned by the amount of development between Richmond/Rosenberg and Sugarland, in those low-lying areas along the Brazos River.  

Down payment of an Fannie/Freddie 1-4 unit is 25%, so if the lender told you anything else then they lied to hook you in.

@Catherine AngleI'd say my biggest frustration is either being lied to by tenants/contractors/potential tenants..You clearly state on the application you don't have an eviction, you tell me directly no evictions, but the court system says you have one?!    

Most (not all) wholesalers either have no clue how to evaluate a rehab budget or an ARV or outright lie about it.

That way they don't have to make up some lie regarding the need to break their lease.Gail

If you lie to them that you want the property back because you are selling the property, but in fact you are not selling the property.

She has 4 kids and a husband which she may be divorcing (i think she is lying because he wasn't on the lease before, but we enforced he be put on the new lease).

Thanks for having me, i'm looking forward to the adventures that lie ahead. 

You don't want to get caught lying.

My confusion lies in the fact I am paying very little for land cost and will still have to wait 5+ years to have equity....