Quote from @Mark Cruse: Quote from @Alan Asriants: Quote from @Mark Cruse: Quote from @Alan Asriants: Quote from @Stuart Udis: I am happy to see this subject is being discussed and particularly hope those just getting started take the time to read the different viewpoints.

Quote from @Jimmy Marks: Quote from @Sartaj Ghai: Hi All,I am a dormant RE investor with a few rental houses in Houston area and trying to get more active and scale up.

Or is it worth going the route to find another investor to buy it at the 335k mark so they can resell it for that upside? 

Basically we just hit our 2 year mark of our first investment with MidSouth and we have had 3 turnovers including 2 evictions.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

@Mark Taleon, first off get a local lawyer who specializes in real estate!

Quote from @Anthony Swain: Hey Jesus,THis sounds like an awesome set-up!

Guessing an appraisal would be somewhere around the 100k mark for the property this is all speculation based on comparable properties.

@Mark F.

Suddenly,rent checks due on the 5th started arriving Florida from Ohio on the 22nd,each one clearly post-marked 5th of the month.So we couldn't charge late fees.For 8 consecutive months.After I figured it was either the USPS had been taken over by aliens or there was a boyfriend that worked at the post office,I changed the lease terms to require only cashier's checks.All checks have miraculously started arriving on time again since that change was made.