Well, err, it's not totally different but it is about 1/2 the cost and faster and has one giant difference.When you are doing a fresh purchase of a home the appraiser has two data sets:  1. what the market has done and 2. what the contract they are holding in their hand indicates the market is willing to do, subject to the appraisal meeting the contract value.  

Rob and Katrina,You both are giants in your thinking and definitely the best! 

I said "so how is leasing tracking" and he simply picked up a giant stack of files and dropped them, waved his hand at another stack, and then the phone rang and he looked at it with an expression as if to say "please dear God just give me a little rest".

Thank you for the reply, I had a feeling that would be the response, the whole gift thing is a giant pain lol. 

Since they are 20 year am notes (which can still provide good cash flow in houston) by the time they expire (if I still have them) a giant chunk of principle will have been paid down.

Is it a reserve auction, an absolute auction - foreclosures - tax sale etc. get the answer to that questionPlay Dick Tracy (if you know who he is) find out WHY it is an auction sale; back on payments, estate, owner ordered auction?

Dick Rosen Hi Dick, I'm not looking for $500 from a single SFR, just in total across as many SFR's as are required.

In that case, unless the plumber will need to turn the house into a giant construction zone, I wouldn't put them up in a motel.

However every giant tree started as a tiny seed.

Dealing with slow tenants is such a giant time suck.