My thought process going in was that the roof would be 1/4 of the total rehab budget.

As a new landlord, familiarize yourself with tenant laws and have a solid lease and screening process in place to protect yourself.Be prepared for maintenance expenses by setting aside funds, and if managing the property feels overwhelming, consider hiring a property manager to handle day-to-day tasks.

That 'other' land trust company absolutely blew it on the closing process causing us all to lose some hair during that period, but we did exit the deal with a great profit.  

How is this process done?

I’m in the process of searching for land in the Houston area to then build a 4-plex on it.The plan is to self-fund the purchase & construction, rent the units and cash out with a mortage.I like the idea of serving lower income families and therefore don’t shy away from section 8.This is the first time I do something like this, so I’m throwing it out there in hopes of hearing your thoughts and learning from your experience!

At what point do I tell them I’ve had enough and start the eviction process?

I often get first looks for my clients on properties from developers, listing brokers, and individual property owners because they know I qualify my clients and I am there through the whole process.

@John Clark This could take another year depending on how long the foreclosure process takes around here.

It's a complex process and there are a lot of unknowns for a first time investor.

*Investor-Focused Solutions: Custom loan structures that make it easier to get deals done, from seasoned pros to first-time investors.I’m passionate about helping investors simplify the loan process and make smarter financial moves.