@Mitch Messer @Tom O'StasikIndependently, I have been looking at Oklahoma as well (OKC and Tulsa) but I learnt that the home insurance prices are the highest in the US, even more than Florida which is notorious for high insurances.How do the investment returns work with home insurances even higher than the property taxes?

A real shame.People don't get into real estate to become prison wardens, but entrepreneurs who want to get rich, which in turn their very activities enriches the community at large.

Better than bit coins for prison barter.

So no, I'll never be jealous of the people who have locked themselves down in a financial prison.

Z, t & others are notorious for BAD info.

@Steve Candor Yes, a lot of times.The other day I went and looked at a house that had been on the market for over 90 days and the day I am looking at the property, the listing agent tells us that there is another very strong cash offer on the table and this agent is notorious for pulling these kind of stunts.

The concept of BRRRR cash-out refi.It is the 3rd "R" in the notorious BRRRR idea: buy-rehab-rent-refinance-repeat.

The county appraisal district values are notoriously low (thankfully) because Texas is a non-disclosure state, meaning you do not have to disclose the amount you bought nor sold your home for.  

these guys go long prison terms. 

I was looking at crowdfunding too, but don't know too much about it.The numbers:280k ARV125k purchase50k 3-6 month renohard money loan 150k 10.5% interest, 2.5 pts, 3k in fees (appraisal, app, background, closing, legal, underwriting)cash-out refi 5k closing costs, 70%LTV, 6% = 196k which would cover all of the costs and leave nothing in the deal.short sale, good foundation, and roof, in need of mostly cosmetic work. located 5-minute bike ride from where I went to college (which is notorious for not having enough housing) and a large hospital, 3k/mo rent is very doable and with a 70% cash-out refi, the loan would be like 1200/mo, and another 300 for taxes and insurance.