He also offers investor inspections which don't come with the detailed report on every little thing wrong just the big items structural, mechanicals and roof.

Unlike an appraiser who may come in low, but close, when it is really far off it is pretty easy to see that they have an issue with investment buyers and the mechanics of how a company like ours works.Our big issue in all three cities - Memphis, Dallas and Houston - is the lack of urgency.  

I'm a mechanical engineer in South Jersey (from Pa) and I'm trying my hand at REI.  

It's an investor verification mechanism set out by the Texas State Securities Board.

So once you wrap your head around the mechanics you need to look for motivated sellers.

My son is currently a freshman Mechanical and Aerospace eng major at RPI (he has zero interest in real estate lol)...wondered if you were from Albany area.

I think the HELOC is a great mechanism but most people do not understand the variable rate and draw periods.

I'm great with logic (IT here) but terrible in the physical world of mechanics/repair.

I'm not saying the mechanics are hard...I too can do it in about 5 minutes.  

Where the typical renter is 50% college degree in a lesser paying job($40k+), perhaps a teacher, and 50% skilled trade worker like a welder or mechanic would be class B with amenities still but maybe not the newest or shiniest.