This sent  red flags  flying this feels like example 1 all over again.

My thought process thus far has been to buy safe and smart so a good looking property I buy now isn't easily put into the red once the market turns and rent drops.For example, I aim for $150+ cash flow / month (SF currently).

My thought process thus far has been to buy safe and smart so a good looking property I buy now isn't easily put into the red once the market turns and rent drops.For example, I aim for $150+ cash flow / month (SF currently).

Their fairly recent Chicago HQ is a beautiful building and a big reason Fulton Market went from red-hot to white-hot...certainly wouldn't mind working there.If you do visit Racine/Kenosha area, obviously would love to hear your insights.

Red flag?

The first red flag is that 20k is a small amount and the uses are pretty limited in a big market like Dallas.  

I’ve heard stories of jails going in a small town and property value and rents dropping like a rock Or low income housing complexes being built in otherwise decent areas and then the rents start decreasing and houses go up for sale that can’t be given away

Unless you intend to dump 200k plus into this, you wont need a tax attorney till later on, same with a CPA, you can get you LLC and start rocking along.You can also go to your local real estate meetups and ask around who buys tax deeds and who they used to make it happen. 

So this could mean you are getting in on the ground level at a rock bottom price.

You can run a hundred red lights and never get pulled over, but that doesn't mean it is legal.