It is slim pickings with lots of full time investors.

The cons are slim cash flow margin, cash-on-cash return and potential additional expenses.Your positive cash flow could easily disappear with one or two maintenance requests and you'll need to put money into this deal every month.

You'll also pay market value and your cashflow will be pretty slim.

I seem to find properties under 200k in this area while there are slim-to-none in Frisco itself.

Don't forget things like water/sewer, common electric, trash disposal, etc... 10% coc return is good enough for me but $100/mo cash flow is pretty slim, even as a conservative number.

Otherwise it'd be slim.

Over the course of a few months the inventory just seems slim.

The odds that a turnkey purchase like this will really cash flow 10k/month after mortgage + taxes/insurance, capex, repairs, vacancy, lawn care, possible utilities, property management, etc. is slim to none. 

@Rocky R. being in one of the hottest markets - Austin, TX - the competition is extremely high and deals seems to be slim.

Am a broker and if you get 3 NOs, odds of the 4th working are slim and you'll be an irritant.Think I'd leave it at, OK, appreciate your time.