Agreed, usually a SFD or small multi is much better for the landlord.I bet the OP errored in posting his numbers, what would be silly is to start out trying to rent a $1M SFD, but 10 condos might be better if that was correct.Varooom!

Are there bad real estate gurus out there, you bet there are just like there are bad college educators.

Since you're just starting out in the Houston market, your best bet may be to offer your services as an experienced rehabber to a new investor who has some capital to invest.

The rain you guys have seen over the past few months is a good example.If that doesn't work, installing interior drain tile is probably your best bet.

When you walk up to a slot machine and make your bet, your most likely result is that you will lose that bet.

I think it's a pretty solid bet that prime will go up here pretty shortly.

Dawn, I'll bet too that your offer was limited to X payments and that the the transaction was with recourse, meaning that if there was a default before the buyer received thier payments, they could hand the contract back to you and demand part of the sum paid back, or you'd be liable for the rest of the payments.

Plus I can bet your HOA won't like vacationers too much.

It's awesome when experienced guys join up - I bet you have a lot of knowledge that maybe you can help fill people in on about commercial real estate!

Your best bet is to list it on Craiglist and other similar classified websites and other means of advertising to your buyers.