Based on the zoning I can do nearly anything I want.I am looking for a low neighborhood impact business that has a high cash flow with low entry.My thought is in buying shipping containers and packing them in tight on the lot and creating a commercial storage business.By my estimates the property could generate up to $96k a year with less than 1 year's income to reach full build out.Any one have experience with this model?

But it's not a large market (c. 70 property transactions all year) and incredibly tight right now (less than 1% vacancy rate), so very difficult to find sellers who are motivated to take a discount.

If you are tight on cash flow, it is recommended not using reserve, but these days we have credit card that can cover the unexpected repairs, so not using your reserve for other deals might be bad financial decisions. 

MLS inventory is tight here also, I think the statement they are making is that the demand is strong but there isn't any inventory to grow sales, thusly the market is in a slowdown based on actual sales, not based on demand.

We're seeing this more and more.The wholesalers here aren't really an option...at least their publicised deals - margins, rehab and comps are too tight to make hit our profit targets for the effort. 

I’ve offered above asking when the competition is tight and the numbers still work.  

Hey Folks,I'm looking to purchase my first investment property and I'm on a bit of a tight schedule because I'm looking to leave my current gig towards the end of July.

Hello Joshua,I recommend looking into the BRRRR strategy if your financially tight.

(assuming Amazon goes elsewhere, if Amazon comes to Dallas.....then hold on tight, we will go up substantially over the next few years.)Best of luck to you!!!

Plus some of the apartments offer amenities such as underground parking, swimming pool, etc, so while a tightly managed owner/family occupied duplex will always be cheaper than Avalon, I think the glut will bleed into all rental properties eventually.