Thanks @Sam ShuehWow, $25,000.I property purchase was a foreclosure.I think I picked up a pretty good deal in current market.I have had a number of realtors view the property, the feedback has been very positive.Location is excellent and this neighbourhood is hot, prices are moving.I have also looked at comps and anywhere from $130,000-160,000 dependent on the size of house and the quality of rehab.I have also had rental assessment come in at around $1100-1200 per monthI pretty much have now made up my mind to hold and rent this property.

Give them something to think about, and how picking your unit benefits them the most!   

I do remember it renews on a month to month; so, I was thinking Texas law would pick up although the instances were crossed out.Thanks in advance

Hoping to spread proceeds across 4 units, but market timing, my area, and where we are in the process of generating off market pipeline has the pickings slim.I have gained a tremendous baseline understanding in the 3 weeks I’ve been on BP- Thank you!

Now that all the finishes are picked by me, the rehab is actually somewhere around $350 because for our area and fast sale, you have to spend a bit more, in my opinion. 

As a new investor you don't want to just pick a place and hope for the best.

Mom and Pop/hobby  landlords in many states are easy pickings.

Pick up the BiggerPockets books, "The Book on Flipping Houses."

You will be told condos are a good investment and condos are a bad investment....take your pick.

Your pick.