This is only something you do locally, and that I assume would be the DFW area for you – max.The rest, such as the paperwork and avoiding usury, is extremely mechanical and can easily be covered by an experienced attorney and mortgage broker, whom you’ll need.

Clean and well maintained but nothing more.With my apartments I explain maintenance versus upgrades to the tenants.There will be no upgrades only repairs to existing appliances,mechanicals,etc.The tenants have to accept it or move elsewhere.I looked at hiring exterminator,contractors,etc.

No state income taxes, vehicle inspection and CHEAP insurance rates for autos and medical.

And I receive about 300 plus emails daily with webinars that promise secrets to niches no one knows and free info then you are being offered $500 programs and website member ships. now if your mailing to about 5,000 people for 6 months straight advertise constantly(which if you don't no is all set on a timer there auto responder trigger automatically), image odds 5,000 people $500 a program if only 20 people join that's $20,000!

The mechanism is tied to a couple key things, the main factor being reserve capital quotients, which is then tied into the market movement of lending as a whole.

On paper the mechanics look easy, but implementation can be very time consuming.For example: I may talk to 50 people in one month looking at say 60 or more properties that can potentially be a good deal.

Regarding 50% and 2% rules, they are great rules of thumb that I did use and considering I have the property and complete rehab with new mechanicals systems for less than 24K (cash), I can say I fit comfortably within the "rules" criteria.

Collin, You're going to want to go through the property and make sure all the mechanical systems, foundation, roof, etc. are all in good working order.

Basic functionality is free, and a few bucks for auto-start and stop once plugged in the car charger, multiple vehicles, multiple trip types (biz, moving...), and reports that are supposedly IRS-proof.I haven't had a chance to test it yet, though.

There are plenty of auto mechanics who operate their garages under an LLC or corporation.