A building this big is definitely way out of my league.

Both properties are class A properties in great neighborhoods and have been understandably very modest in net cash flow ~ $100/month and 200/month after all expenses.So in order to improve my net cash flow to $300 to $400/ month I decided to start looking at cheaper older homes (built in the 60’s and 70s) in the 150K to 180K range in Friendswood, Pearland, League city and surrounding areas ( I live in Friendswood, TX).

You're like "omg an ARM," but I'd point out "grats, now you're in the big leagues, where most debt instruments are adjustable rate in some way or another, and you're invested in the national economy in a new way now that you weren't before."

(Tried ads in Craigslist, Backpage, and contacting 'We buy houses' and 'sell fast' and sending multiple emails, and texts...lots of work...)What a pack full of mistakes and lessons here.Hope someone can benefit from this epic failure.But, I'm still in the arena.I may just survive this crash or maybe 🎥 the Justice League will save me.

Clear lake city and league city are one of the BEST places to invest but not a lot of people do it.

I'm just buying 1 unit so insurance will be cover by the HOA.I still playing little league ball and here in miami prices are very high and we have a lot of foreign investors with lots of cash so getting a property is not easy.

I am a hockey referee for a high level junior league.

they bait and switch terribly.. by putting out craigslist adds promising 10k a month and bandit signs to me that's stinks of total bush league ..

The business model in a nut shell:I’ll promise to provide a minimally value adding service for a fee, then pawn off 90% of the work, including the mission critical portions, on some fly by night vendor giving me a huge discount because they are not a going concern, which allows me to keep 90% of the fees I collect for myself.I won’t guarantee anything.Then I won’t plan at all for anything to go wrong either because my TOS says I have no liability for any of my vendors activities.Bush League

I guess there are ways around the restrictions but that stuff is out of my league as is.