If the house was built in the 50's or earlier than you probably have cast iron pipes.

It's not that I have zero cash, just not enough on hand to close the deal on my own.Purchase Price: $275kRehab Cost EST: $130-$150kARV: $550k-575kLake Front house w/dock (a huge incentive on this lake)I have a little over $30k available but don't want to drop much lower but also hate to miss out on this opportunity.  

Having previously worked in-house at a hotel REIT that both owned and managed hotels, it was quite common for my employer to enter into agreements with developers of the hotel.

In addition to STR'ing the main house, he is building 2 more units (ADUs) on the back side of the property.

Of course you will not give someone a free house.

A friend of mine bought some houses from them that he thought were occupied and running smoothly because rent checks always came through on time.

We manage 300+ units, I've flipped over 75+ houses in the past 3 years, and I currently own 28 long term rentals.   

Hey all, first time landlord with ~3 months experience here.I brought a tenant in 3 months ago with an insurance company paying the rent (tenant's house is being repaired after a fire).

That said, College Station’s long-term rental numbers are strong, especially with Texas A&M’s continuous growth driving demand for student, faculty, and corporate housing.

Do they mainly look for houses?