As someone who lives in Dallas proper, and gets good natured annoyed when some one who lives in Plano says they live in "Dallas" they places you mentioned would make folks who live in Prosper blush (40 miles from Dallas) blush.

I’m a mother, a wife, and I work in healthcare, so balancing everything is tough, but real estate is my passion, and I’m chasing my dreams.

Total rent between the three is $3200/month.I have an adjustable 20 year mortgage with a balance of $100,000~ at 4.95% that is set to adjust in 2026.I also have a HELOC on that property at $180K~ with a 9.75% rate. 

Sure there is a very small chance that something will go wrong, but with the tightening rental laws spending a little on a proper lease is smart.

Home 1- Bought at $166,000Year Bought- 2015Interest Rate: 4.375Remaining balance: $75,000Value- $321,000Home 2-Bought at $197,000Year Bought- 2020Interest rate 3.625Remaining Balance: $163,379.25Value-$283,000Home 3- Bought at $247,000Year Bought: 2022Interest Rate: 4.875Remaining balance: 226,434Value-$325,000   Few things:1.

While all the posts have at lease some legitimate points, I personally believe camp 1 is missing the opportunities present to protect assets under US law mostly because they don’t either understand asset protection, or don’t want to bother with it, so rather than do a proper evaluation they dismiss it as something that won’t work to justify their unwillingness to entertain the idea.Camp 2 is deluding themselves - which delusion has been enhanced by charlatans writing books, giving seminars, and selling packaged plans all of which either attempt to hide your assets or hide the ownership of your assets.  

We are not seeing nearly as generous for a 12 month leaseback, I have one right now, I either get term of LTV, but not both for a short term SLB.Re-tenanting is your biggest risk, what does your balance sheet look like if you have to hold it vacant for 12 months?

Then you do floors because you can't do base and case until the floors are in and going full costs of paint will just get damaged during the balance of the rehab (although I often complete the ceiling paint in total).

All their clients tried to blame us for not being able to:1) Do the rehabs on the budget advertised2) Get the rents they were promisedCheck out our website and DM us if you'd like more info or discuss the proper way to invest in Detroit:)

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.