It's best to have a plan if things don't pan out.

That's not to say that there aren't HUGE profits to be made in "tin cans", but generally that's because the purchase price is less than $2K, another $1400-$2K to rehab and then put in a buyer with $1,000 down payment and $350/month for about 8 years.AFAIK modulars (and by the way I NEVER use that term, they're ALL mobile homes IMO) always go down in price.

I'm negotiating a 6 unit deal at the moment, and if that pans out I'll be moving into an all-in-one solution like appfolio or buildium I think.  

If everything pans out on their end, just slowly raise rents.Good luck!  

That appraisal fee was a gamble, and it doesn't always pan out.

These properties always look good on paper but they very rarely pan out.

@Michael Charles How did everything pan out?

@Brian Gibbons is a master of lease options, and I tend to be the go to guy for LO's in TX.To be honest, the agent won't likely know a darn thing about lease options.I've only done about 500 in the last 11 years, and my experience has shown that if you actually want the buyer to BUY the property, then a property below $90k or so in your area is better suited for an owner finance.If the buyers are Mexican, then you need to know if they have a SS# or a TIN.

But even if the return panned out to only 10% over the lifespan of a 30 year loan, then that house would be 4.5% below (which I understand is a lot) the 2nd greatest fund manager of all time.

I was wondering how the current situation in San Marcos has panned out. specifically looking at some of the new construction homes by Lennar.