Elsewhere in the article he uses a round number of $200 per month for insurance and taxes.

Should I diversify my list more to different prospects or should I just try concentrating on one group for now with the first 4 rounds?

The property is listed LP: $219,000Rental Value: $2,000/month (Seller claims $1,000 from unit 1 and $1,195 from unit too, but I am beign conservative)Tax: $375/month [$4500/12; ($4,076 estimate according to dallas county, ), I am rounding up)Insurance: $170 (Going with Seller's numbers for now)Principal+ Interest: $900 (Based on 4.5%, 30 yr and 20% down)Warranty: $50/monthVacancy: $160 (Assumed at 8%)Misc: $100Cash Flow: $2,000 - $1,755 = $245If the total investment is $46,000 (20% down + some closing costs), then Net Return is 5.3%?

They make buyers go through rounds of bidding over 2 months to try to extract the highest price or play the buyer against themselves even if they want to accept that buyers offer.Frankly I run across quality commercial brokers and then I run across scummy ones who will do anything to close a deal and give the profession a bad name.

I've learned some important lessons that should pay dividends on the next go-round.  

Most VR landlords make the bulk of the years money in March, April, and May but there still is business year round.

Just closed on a great deal, small old run down house on 2 acres but the water source is from a year round spring that needs to be made potable..I see on the Home Depot site they have a Well Water Filtration System for around $1200, not knowing much about spring and well water, would this be all I need to make it potable?

Also the areas bordering Austin (Round Rock, Pflugerville, Cedar Park) are experiencing growth that isn't as aggressive as Austin.  

I'm new to REI so please cut me some slack if my logic is off but to me that would just make more sense.If you love debt, yes, knock yourself out.Same old same old though, all the people who leveraged themselves last time round...didn't end well for many of them.

To do so, you need to be well rounded, as real estate requires a mix of analytical, financial, marketing, interpersonal and organizational skills.