overbuilt. just google Austin and over delivered or overbuilt and you'll find your answer. strong market, expensive land, expensive to build. 

What Does it Take to Achieve the Dream of Full Time Real Estate Investor?

If it was not him sourcing the land, it would be someone else.  

Some thoughts that go through my head......Who do you contact to get current values, after renovation values to see if this process is even worth it? 

I think most of us do, but the problem that I've discovered with 15% down programs over the past couple of years is the balance between the cost of the home and the rent it can garner.

I could use some help from investors in IL... how do you set up a sub to there??

Maybe that is your best route or maybe it is not, but if that is the only loan the LO you are talking to can make to you then guess what kind of loan they are going to suggest? 

U may want to talk to your account rep and get a clarification of this. whole notes it appears they do assign 100% interest to the investor .. and in my mind that is the safest way to do these. 

It really makes a difference when you use pros that specialize in REI and how they can help your money work for you. 

Instead, it will operate under the name "Dreamer's Doll's House."