My last eviction taught me its easier to work with a problem tenant getting them out versus forcing them out with their feet dragging.

My last deal was an exact wrap at 3.5% granted I had to put $80k down to pull it off, but it’s a great way to keep the train on the tracks.  

Here are some of its vitals:- Zestimate: $345K (I know this is typically 10% or so high)- Last Sold: 8/2021 for $281K- Roughly 1400 sqft- Some cosmetic work needed- $25K left on solar loan- The home was build in 2004 and it looks like it has the original AC unit, so I am assuming that needs to be replaced too. - 2 story house with very small rooms and and 2 steps down, imminently as you enter the front door.- Gated community and in a reasonable HOA. - The home is 2 payments behind and already got a letter from the lender about future foreclose.

Do you have other collateral, such as another income property or your personal residence (last resort) your seller could record their lien against? 

Lastly, you won't be able to HELOC (or any cash-out equity) and 2-4 unit property in TX while it is still your primary residence.

The last post on this topic I see is from about seven years ago... so figured I would start fresh. 

(Note: That's a correction to last night's number which I re-used in error today.

I did this again last year with a paid off property only cash flowing me $1200/month.

The last one, Realty 411, is a completely made up magazine.

Last but not least - how much does it cost?