@Jordan Williamson the reserves on mine were 6 months' PI pmts on the specific building lent and a net worth of 2x appraised value, from what they said.  

@Matt Slakey@Jordan Williamson@Ryan Billingsley@Jeanie H.

@Jessica Sorensen, @Pat McGrath, @Al Williamson, @David Oldenburg, @Jake Weir

@Brennon Williamson since you are currently in school, consider getting your real estate salespersons license.

 @Al Williamson@Lee PriceI'm not interested in holding a D class property so I more then likely just flip this deal,  most of the tenants have been there for years, the property is located very close to downtown Houston and the owner was originally at 500k now I have him down to 400k trying to get a contract for closer to 350k.

My neighborhood shows a very high crime rate on the stats, but I feel very comfortable living here, so I'm not sure I'd put too much emphasis on the crime info.You might want to check out Al Williamson on this site and my member blog: http://www.biggerpockets.com/blogs/4445-collecting..., since I am also renting in a C class low income area.I'd also strongly recommend reading Buy and Hold Forever to see the other side of the coin.There are ways to verify the rent coming in, but be sure to plan for 10% to go out in turnover costs, which you may be able to mitigate in a nicer neighborhood.

@Al williamson thank you for the compliment :D@Billy Maloney thank you for the info regarding the meetings.

My name is Mykael Williamson and I am a new real estate investor in Nashville, TN.  

Al Williamson is your book available for purchase yet?

Followed advice from two BP members and hired Kalem Williamson as a contractor - HUGE mistake,  The guy took the money and split.