What type of properties did you invest in and what kind of returns are you getting?

Purchase price: $105,000 Cash invested: $90,000 Property needed some serious rehab, from trees roots destroying the basement walls, to plumbing, electrical, to roofing, landscape.

I'd also think about your long term goals for the property.

Are you looking to acquire more S8 properties?

Lenders that don’t require an appraisal will perform a desktop appraisal but will typically have a very conservative view on the value of the property to protect the company’s investment.

Now days you don't buy a deal you make the deal either with how you operate the property, how you finance the property, or how you purchase the property.

It’s exciting to hear about your first project, and Denton County is a great market with plenty of opportunity.I’m a native San Antonio real estate agent specializing in investment properties, and I’d love to connect.

(FWIW,$8K on just the compressor seem excessive.)Otherwise, unless your contract with your GC says they will provide 24/7 surveillance, or you can prove the AC was never installed, you own the problem.If the property has been vacant for more than 30 days, most policies won't cover vandalism unless you have added a Builders Risk Addendum.

Tenants don't do ANY work on your properties, never a good idea. 

I get what they are trying to do here, preserve 2-4 unit properties and discourage deconverting to SFH.