I am interested in purchasing a rental at the Beachcomber but as a novice investor I'm trying to determine if this is a viable source of rental income for the long term compared to purchasing a single family residence that is not located near the lake.

May have other locations as well.IMPACT Live Arlington- https://www.meetup.com/impactarlington/ Dennis Henson’s original group in a new form.Novice Investors Club was Texas Investors Club- https://www.meetup.com/novicer... - Meets several times a month in Carrollton or Grapevine.

As a new or novice investor "in general" the banks will not use the rental income until you are a "seasoned" investor.

If this is the case you will pull the paper off the sheetrock and it will require more patching but at the end of the day, you'll have a better product than painting the paneling which even the most novice buyers will notice.

We started investing in real estate 2 years ago and are definitely still in the "novice" category.

We’ve plugged in the numbers and, to our novice eyes, the deal looks good.

I love getting the highest discounts I can, especially as a novice real estate investor.

Or maybe a multi-location Executive who balances time in T.C. with L.A. and Miami, they hold certain expectations of not only unit but agent, and I can tell you very low thresholds of patience for BS by a novice agent trying to figure things out. 

Many of them are novices and do not know what to do when they get a call so if you are able to pick it up with the right numbers, you have not had to submit a single offer. 

Geez David, rent to value ratio is ONLY used to get novice investors like you to invest in crap areas.