Those sounds like great rentals and vacancy rates have been decent - our management team only has a handful of vacanies out of the 300+ we oversee, thankful for that.

Lucy: your story shows that setting up a loan is more than just interest rate and other terms.

Quote from @Jimmy Rojas: I live in Arizona and homes here are sky high, youd be lucky to get %6 interest rate, I would be a 1st time home buyer, apart from being 1099 employed would Trumps real estate plans benefit the little guys like me? 

Houston's diverse, and the real estate market is buzzing.Check your budget, how much risk you can handle, and what you want from the investment.Montrose, The Heights, Eado, and Museum District are buzzin' with mid-term rental potential.Research the neighborhoods, check the rates, and do the math on costs before diving in.

How much below market value would a sale have to be for it to trigger a gift tax and if so what is the rate on that? 

He knows that he has to be out on the 1st, but I didn't know if it made sense to contact him and ask him to check up on him!

Proximity to Nashville is key—properties within 5-15 minutes of the city tend to attract more guests, but a nicer home 20-30 minutes away could provide more value in the long run.Make sure to research short-term rental rates in both areas to determine which offers the best return.

I've seen many investors get burned because they failed to understand their hard money loan terms/rates, even if they did acquire what should have been a home run deal. 

A high property tax rate will increase the taxes more quickly as a percentage of total expenses when the property value increases.

Contact the tenant, remind him how rent is to be paid, and require him to follow those rules.