The equation shouldn't be PP = Market Price - cost to repair foundation, it should be PP = Market Price - cost to repair - discount for taking on the risk.

This deal was brought us off-market by a friend.

@Joe Frank I’m a huge fan of Turbo Tenant to market properties, manage leads, screen tenants and lease up.

One unit was rehabbed with $15,000 and a new leaseadded at market rent.

Quote from @Francisco Milan: These really do not do much these days for people finding most of the listing online; however, you need to be sure that you put one out because any lead is a lead to put in your database to market to. 

Hi Youssef,I’ve spent some time refining my approach to sourcing quality cold calling lists in the Dallas/Houston markets.

@Jonathan LudizacaIt really depends on the market.

Firstly I apologize that I do not have any market insights data specifically, but Houston has been a rough market as valuations have pulled back.

- Find ways to provide real value: Whether it’s market insights, deal structuring ideas, or even helping investors improve cash flow, being a problem-solver makes you stand out

Just do thorough research on the local market and have a solid plan for managing the properties remotely.Good luck!