Hey everyone, I've been thinking about getting into the arbitrage space for awhile and midterm makes sense for my market.

I won't be out-marketing anyone. 

@Linda PhamAll our midterm rentals are in Colorado as are our clients, so I don't know Houston's market.

Why ask: A mentor who is actively involved in the market is more likely to offer relevant, real-time insights, strategies, and lessons learned.

Luckily the market had moved in his favor so he was able to sell and didn’t lose that much money.

on the one hand, if you're happy with it, and you believe in this market, and this is what you wanted, great. the fact that you're asking the question shows that you're being thoughtful about it.with that said, it sounds like you're into the deal for almost $90K out of pocket, and so if you asked me if i would put $90K of my hard earned cash into a property to get $175 month, the answer is no. 

We manage several hundred rental properties throughout the San Diego market and I found your post very interesting. 

Look at their marketing strategy.

The property was in a great market but needed a full cosmetic rehab and basement finish to add a bedroom and increase resale value.

With that said Phoenix had one of the highest home price declines in the last market down turn.