But it’s basically an auction and auctions are terrible places to get good deals in this market environment- tons of enthusiastic buyers overbidding.

@Matthew Irish-JonesAs of now, it appears there is an older gentleman who made it clear to tenant that he has a gun on him.

But making a decision to purchase a property with out running conservative numbers will be our responsibility. seems like your under the gun with making a decision or perhaps having delays until you find another estimate.

I wear a cowboy hat, ride horses and carry a gun.

I had some police tell my wife (I was out of town so she had to deal with the initial issue solo) that a threat that showed a gun between different tenants (only one of the tenants was our tenant) was not something the police would get involved in. 

Thanks.Redfin releases some good forecast..Zillow/Apartments.com / Rent.com might have an opportunity to produce and publish Rental-statistics and forecasts, that would certainly benefit RE-enthusiasts. :)

A Smart TV, gas or charcoal grill, some outdoor entertainment (horse shoes, fire pit, archery or pellet gun range).

Poor people have low value (to worthless) things, and things that are not are financed.Written into a lease or not, I still think (Trying) to take something of value from these people will result in a physical fight or a gun being pulled.Texas is a hard to collect state, but turning a smoke stained 11 year old big screen into $100 at the pawn shop hardly seems worth the drama/effort/personal risk.Some people will kill each other over McDonalds Chicken nuggets being out of stock--you never know how people will react to this.

I am currently focused building out team and learning more from other BP members.Outside of investing in real estate I'm a big sports enthusiast, travel junkie, & lover of pizza.

If this property is in an area where you need a bulletproof vest and a machine gun to collect your rent, I would not buy it.