There’s no town involvement when it comes to condo conversions.

Final update.Project completed.Rented and Refi, this project as I mentioned is the first out of town investment we've purchased, I have uploaded final pictures I hope you like it.the deal when well, I had to leave more money in the deal that I wanted but over all a great experience, because we started with the BRRRR we fined contractors right away and we felt confidante and that give us the push we needed to purchase more, so now we are proud the report that we have 3 properties (4 doors, 1 duplex 2 houses) that all are rented and cash flowing well, and also one more under contract!!!!

However, higher-than-expected costs, contractor expenses, pest control, inflation, or unexpected work can make it untenable to maintain the rental property.What can you do if maintenance is becoming a financial burden?

I swear I can't control it... there's this sarcastic voice inside me that just takes over.'

Not sure if that will be an issue moving forward, but I saw when gas prices peaked about 10 years ago, it killed rentals in Little Elm...where everyone drove 30mins-1hr to work somewhere....that could happen with Forney, Heartland, Heath and Crandall and all the small towns around it in that area.

Your lease agreement is going to control your situation, unless your state statutes have something on point (unlikely to your situation though). 

What I struggle with today is how to attack it.Option 1, which was my original plan, was to get control of a $1-2MM property using mostly borrowed and possibly silent investor funds.

Next year the HAP payment could change entirely and you have no control over that.  

It's a nice, clean, small town, and several residents work in St.

Jim invested in a small apartment complex, and within two years, not only did the property's value appreciate significantly, but the rental income also provided a steady cash flow.Real estate offers a level of control and tangible value that can be really rewarding.