That's your first lesson that hopefully never do again...If the city it's in doesn't have rent control, just raise the rent on her.

They're on month to month and there is no rent control. 

What is your tolerance for risk and how much control do you want over what you invest.

We have been investing in that area for the last 7 years and I have talked to a lot of UNT student that live even in the Corinth, Lake Dallas, Cross Roads, Little Elm area.UNT housing authority (can't reca the dept name at the moment) is actually on record as renting out local private housing to supplement its dorms...the net effect of that could be considered close to rent control...a situation that we originally considered but backed off after looking at the economic growth around the campus and true demographic we wanted to target.

Hello everyone,I know for determining ARVs it depends on a variety of factors (area, neighborhood, condition, comps, etc) but from what you've noticed in your own personal deals and the final appraisal what are some things within your control generally to increase ARVs?

That why you'd have total control of the property and not have to worry if the current owner will back out.

You make money in real estate by controlling it.

This should be deposited into an escrow account you both control to manage rebuilding the house.If you are not listed as the mortgagee, then you might be screwed.

The only work beyond my comfortable distance, I would only recommend investing into a Turnkey property that is renovated and managed by an experienced company like Memphis Invest or Maverick Investors unless my business took me there quite regularly, or if I knew somebody there I knew and trusted to help me manage and maintain it, or or as a Partnership I could invest with in an apartment complex  who I trusted and who is under control. 

Some things are out of your control though.