Maybe this project was a little scary for you the first round.

I've also been considering this concept here in Round Rock, since Austin is not convenient for me on a daily basis. 

Even my software company has an operating line of credit that does not require my personal guarantee - and we're a rounding error in size when compared to Oracle.While the above are not Joe Gore's Texas Real Estate holding company, which would probably require a personal guarantee on borrowing, the point remains that your unconditional decree is not universally true.

Fingers crossed for more traffic now that we rounded the New Years corner.

@Ghazal NezafatiBelow are the top emerging markets in the US and Canada.You need to consult with your CPA or attorney as to the best entity to set up.If you need a referral for one in the US let me know.The 6 of the top 10 US locations for foreign investors is in Florida, rounding out the list is Honolulu, Phoenix, Vegas and Manhattan.PaulTOP EMERGING MARKETSHOUSTON, TX CHARLESTON, SC ATLANTA, GA LAS VEGAS GREENVILLE, NC CHICAGO, ILDALLAS, TX RALEIGH, NC MINNEAPOLIS, MNCHARLOTTE, NC PHOENIX, AZ LOGAN, UTBISMARK, ND COLLEGE STATION, TX LEBANON, PAMORGANTOWN, WV ITHACA, NY FARGO, NDIOWA CITY, IA LONGVIEW, TX STATE COLLEGE, PACANADIAN CITIESBARRIE, ON MAPLE RIDGE, BC PITT MEADOWS, BCVANCOUVER, BC SURREY, BC CALGARY, AL

Al,These friendly rounds of one-upmanship with neighbour landlords can be beneficial all the way around.Last week, I had my crew raking and hauling away leaves at two of our properties in preparation for the coming snow.

Let's figure in 10% closing costs, we will round it up to $110K flat.

A kitchen drain is typical with lots of grease and slob, and one must swept the line clean with a jet in order for the epoxy liner to get a round smooth shape - and with my copper drain in that condition I am not sure it would survive a high pressure jetting.So anyways the epoxy liner rep at the time told me they couldn't fix my problem at the time, which was a PVC fitting that "pulled apart" but it was under the slab.

A single on-site manager/handyman maybe with a part-time assistant is sufficient for 36 units in one complex once the rehab is complete and the initial round of leasing is done.

Keep an open mind on surrounding areas, Round Rock, Kyle, Buda, Bastrop, etc.And as others have said, utilize some of the beginner resources on the site, they are great for newbies and seasoned investors alike!