You got some good advice on how to value the property and it sounds like the main theme is - be conservative.

I've worked with hundreds of private sellers over the years, and I see a reoccurring theme a lot.

I am sure not all homes are like this.. but for me Its more than theme its reality  in the long run your deal will boil down to PM and tenants  if you can keep turn over to a absolute minimum and you have tenants that are very kind to your property you should do pretty well. that price point and rent in Dallas should get you decent folks in both respects.I don't subscribe to the rent appreciation theory I think rents are topping.. and people are going to drop back into buying houses when house payments are lower than rent... its a cycle that's for sure... but 1300 a month even in Texas will buy a nicer home with an fha loan that they are renting from you... at some point this is going to turn in my mind.

But common themes are greed, a “can’t lose” attitude, leverage and/or "funny money", and amazingly enough, thinking that we’ll be OK because it’s different this time!

  Hello BP Community ,I have couple goals and some of theme I  reached.Real Estate Goals :-I am new to RE, and my new goal is   to get as much cash flow as possible by doing direct marketing to get deals, than wholesale some of it and to keep some as " subject to", when I've got this done good enough I want to switch to triple net properties and buy tax leans. 

If you notice in my advice, I have theme of, following the comps.  

Theme was how could such intelligent people be so stupid.

Specifically, for its Single-Family business, the company announced a nationwide suspension of all foreclosure sales and evictions of borrowers living in homes owned by the company.

They are a great way to manage the Florida heat.Also there are a few really cool theme dinner shows to attend.

Michael Lewis writes very good stories and the financial market themed books are very good at explaining complicated investments in simpler terms.His first book Liar's pker has been rumored to be made into a movie.