While preferred returns sound appealing, they are often not realized as monthly cash flow.

For those who don't know, Dallas had a wide sweeping ban with no exceptions It sounds like Dallas eventually backed off this ban before implementation. 

Hey Kent,It sounds like you're making a smart move to consider out-of-state investing, especially with the criteria you've set.

It sounds like you will have an issue obtaining financing.

This can only sound biased, so if you reach out I will send you references and pricing.

@Shelley AustinWhile it sounds great - if they cannot qualify for conventional financing will they be successful and pay you?

it sounds like renting a whole house, youd make more It would probably be less work renting the whole house too.

It seems like it could be a sound investment so deserves more extensive underwriting.

Whatever it is, it sounds coolI feel you bro.

Sounds like an unreasonable seller and the most likely reason for them not wanting an offer with a financing contingency is the property is in too rough shape to get financing on it (structural damage, fire damage, etc.) or won’t appraise anywhere near asking price.