We are looking to use preferred equity on our new deal..What was your experience with preferred equity?

I prefer property-specific syndications because I want to do my own underwriting of the property and see if I agree that it is a wise investment.

Most retired couple, should be able to  “get by” with 5, especially if they have any other investment< social security or a pension. 

For those selling in these areas, what trends are you seeing in buyer preferences?

But prefer longerVirtually any bank or CU I know requires tax returns.

I commented a couple weeks ago but I just want to be sure I offer assistance to anyone who needs it. 

One buddy had to wait two years before he was allowed to open up another credit card with them, a couple others had to only wait one year.

Couple things I wish someone told me when I rented out my primary in Katy:- your taxes will go up dramatically over time - cash flow is inconsistent- while Katy is a fantastic rental market it's still competitiveTo answer your questions: - yes, the homestead exemption will increase your taxes at a faster rate but you can protest them either yourself (I don't recommend as I've tried and it was a pain) or with a professional service- To start, you're either going to pay for books, classes, etc. or pay the school of hard knocks.

Generally speaking HELOC rates are higher than a conventional loan on a primary residence though so I prefer to leverage the new purchase with 5% down payment conventional loan.

  I haven't done before, and would prefer not starting with attorney help, at least to start with, unless absolutely necessary.