Our model also relied heavily on Ross Chapman’s work on pocket neighborhoods, Charles Durrett’s work on cohousing and Nancy’s work on building community in a senior living environment.

I’m Arizona licensed and while I’m not an attorney or CPA, I’ve got a pretty wide network of investor-savvy agents and property mangrs who I trust.. folks who actually roll up their sleeves and dive into the trenches.The right guidance can help you identify stable neighborhoods in Austin where job growth still hums along nicely, or link you up to off-market multifamily properties in San Antonio that don’t get splashed across public listings.

Purchase price: $340,000 Cash invested: $20,000 I bought a 5-bedroom, 2.5-bath home in a great neighborhood where my wife and I wanted to live and start a family.

That's why, its best to shop for quality lenders. 

We syndicated 75%, plus costs of the purchase price and financed the balance with a traditional loan.We shopped around for weeks to find the perfect loan with the best rates and terms.

Financing-  build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.  

I have three vacancies in a C class neighborhood and the only people I’ll rent to now are Section 8 with a small tenant portion.  

On the other hand, passive strategy will buy more expensive house at a nicer neighborhood.

Back when a close friend of mine; he’s a commercial landlord in Phoenix who once took on a quircky triplex in a tough neighborhood..decided to reshuffle his insurance setup, I saw firsthand how getting stuck in a clunky policy can really stall your forward momentum.

Quote from @Steve Tse: Hi BP, What insurance carriers can you recommend in Texas, as I am shopping around to replace my landlords policy that I currently have with Travelers ?