I was just in Dallas last weekend for a speaking event. 

I am new to investing and after a few deals that had multiple other offers that I didn't win out; I did execute a purchase agreement last weekend but doing more analysis on the property and potential rates being 7.5%, appears to be very tight to limited cash flow.

Its ALL about the numbers,All the best, enjoy the weekend 

Yes @Michael Smythe I was planning on but I also have a small room in NYC (where I work) so the days I don’t want to drive I would stay here and go back to PA weekends but I spoke to a lender and said I would not qualify for that since it’s a bit far from my job and they might think I’m doing mortgage fraud it’s just complicated so she recommends just doing a conventional loan with 15-20% down payment and use it as an investment property Which at that point I’m not sure if it’s worth it.

I did a walk through this weekend and the house is in bad shape.

Hope this helps and have a great weekend! 

This weekend it rolled off just south of $510.

If you're in a strong market, like the one I am and you can get a property rented out in a weekend while you have current tenants in place. therefore 0 vacancymy most recent turnover cost me $300.I've had other turnovers cost me $4k - that was mainly because of bad tenants who purposely trashed my place. 1 month in lost rent + repairs

Calls like:"Unit 1 had tons of people over every weekend for parties and clearly uses way more water than us.""

My partner and I visited Detroit MI this past weekend and found 2 deals:TRIPLEX for $50k with ARV of $130k with one unit already rented at $1000 & the other two needing about $30k to rehab.