We don't bait and switch, we work deals based on actual details of the client's specific deal.

I might have a partnership opportunity for you in San Diego but still gotta figure out some details. 

.: Someone asked for more detail on Creative Finance.

Would it be helpful to connect on a call and talk through details of this property and laon types? 

The cost of PM here is between 20 - 30 % and frankly, while they can drive occupancy, they often have lower rates and less attention to detail (I worked with one when I transitioned a new property that was previously PM managed).

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

If you approached them in a way that you had a solution to the eyesore in their neighborhood they would be very receptive to talk and perhaps share contact details about the home owners son if they have them.

Keep detailed records of repairs, improvements, and rental income, and consider working with a CPA specializing in real estate to ensure you're taking full advantage of deductions and strategies like passive losses, home office deductions, or even the Qualified Business Income deduction if applicable.Good luck!

To give a little more detail, these houses are in 2 rows, 4 on each side, so the line starts at the public street line, does a U-turn at the end houses then back out to the street.

You'd need a detailed rehab estimate to confirm if the numbers work for a $360K property with an all-in cost of $420K.