Hi everyone I'm new to the Dallas County investment sceneI'm sure there are a lot of serious investors here in BP with experience who would gladly help with mapping the area to know which neighborhoods match the strategy.I focused on two main strategies- Fix and Flip and BRRRRso cash flow and appreciation need to work together.appreciate your insights and helpgod bless you all

Are there a decent amount coming on the market, or is there like 1 a month? 

We are starting to see homes come on the market that have suffered damage from hurricane Helene and instead of having them fixed, some are just listing them as is.

The least states:"Tenant shall pay a "late charge" not in excess of five (5%) percent of the amount in arrears for each month the arrears remain unpaid if any Rent is paid more than ten (10) days after the due date thereof, to cover the extra expense involved in handling delinquent payments.

If you can save up for a slightly higher down payment your margin for success will be significantly higher.Also, I strongly agree with the "buy the worst in a great neighborhood, live in the worst unit of the triplex and slowly fix it up yourself."

Once you fix it up, you could refinance to pay off the HML.If you do it right, you should have enough sweat & forced equity to have 10-20% equity for the refinance.

It had 22 of the 25 lots occupied but we'll be fixing it up, filling it up, billing back water and raising rent up to market.

Proper bookkeeping will help keep track of who has what dollar amount invested into the property in case of a buyout or a death.  

And if it's a high amount, would you be better off just using that as a downpayment and get a standard new investment loan?

If they pay the new amount on time no problem.