My investment strategy focuses on long-term, low-maintenance SFRs in high-demand areas, aiming for cash flow rates above 7%.The market dynamics can vary significantly from state to state, and even from block to block within a city.

But if you use a letter of Intent or a contract with plenty of exits for your purchase this can be a huge benefit for you. 

You should still instruct title company to run a title and lien search.Also did you receive a payoff letter to see how much is still owed?

This is the first time USA is acting like Africa fourth-world country that they blocked presidential candidate by using a "judge".Also take a look at how Elon Musk is treated when they're not voicing the same song as the elites.Something really broken in America.And, in this digital age, with TX now the 8th largest economy in the world among nations, does TX really "need" the Federal Union any longer?

I sent a letter saying that the lease ends in Aug and I do not wish to renew.

If you don't differentiate your property you will fall victim to the mass market, where you will be competing to be the cheapest on the block to get any bookings.

Thanks, so it sounds like the steps to send the seller are:1) Letter of Intent (LOI)2) Earnest deposit based on a 21-days inspection & financial contingencies3) Coordinate time with the seller to have an inspection & general contractor (GC) walkthrough4) Calculate the amount of repairs/fixes required to see if it makes sense5) Ask the seller for lease docs (estoppels) in addition to rent rolls, maintenance, and all expenses6) See if the bank approves the purchase7) Purchase, send the tenants a document that says I'm the new owner, and start rehabDoes that sound right?

I went to the bank to get a pre approved letter as and was denied bc of my income.  

We also have access to a $30k HELOC, fixed 8.5%.The current mortgage is $1600 and exact units in our block are renting for $2600+/mo, but the property doesn't pass the 1% rule.We want to start investing in RE again.  

If you send the security deposit disposition to the address they rented from you with ADDRESS SERVICE REQUESTED written in the area between the address block and stamp you'll get a postcard back with the details if the mail is forwarded.