Market Analysis i critical. 

Anyone familiar with rental mgmt companies in and around greater Houston area (TX) that are investor friendly and can recommend to help me market, screen and place qualified tenants?

Hi, My business partner and I have been doing well over the last couple of years wholesaling in Charlotte, NC and we are expanding to the Phoenix market.

Now I'm considering selling it while it's still under mortgage and hoping to get top dollar for it.What strategies would you recommend to attract serious buyers and maximize my selling price in this market?

Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Quote from @Justin Spear: @Jay Hinrichs yes, first question: is there market value in me clearing a house lot on rural land, putting in a driveway and getting a septic design, then selling at that level of development. second question: how much more value is there to be added by introducing a MH and selling as a turn key starter home versus partially developed land.  

The flip side of that coin is that if you are in the market while rates are high, there's a lot less competition.

My recommendation would be to choose potential markets - in several price points - that have strong rental demand and year-over-year rent increases and that also are in markets that are appreciating. 

Meanwhile, the market moved up 60%, and I was way undercharging.

I have over 8 years of experience in Michigan’s real estate market and am excited to connect with others as I transition to Texas.