This is a great place to meet people who could be a capital partner.

It still is very possible to find properties that meet the 1% rule without much difficulty; but it’s also tougher now to find a mortgage for anything valued under $100k – regardless of condition or P&L.To me, the shenanigans Code Enforcement continues to play on a new owner after a sale plus the recent increase on the annual rental registration fee really discourages buying more in the City.

If the plan is to go local, I would recommend going to investor meet ups.

Let's meet up soon I have put together a few of these deals (20+ units) and in the works of building some from the ground up 

I would strongly recommend spending the money to meet with an attorney for an hour before you put anything in writing to your tenant.Good Luck!

Maybe the landlord isn't responding because they don't see the applicant as meeting their criteria. 

You may not get the first property you offer on because if it looks good to you, you will probably have competition so start offering on properties that fit into your personal investment philosophy and meet your minimum financial requirements. 

It’s always exciting to meet other investorsTexas area.

Purchase price + improvements = basisFrom there, you would need to meet the requirements of the STR Loophole.

Call a meeting, bring clarity, and press them on the terms you both agreed to.