A solid exit plan reduces the risk of default.Check Their Liquidity: Even experienced borrowers can run into trouble if they don’t have reserves to cover unexpected costs.

And the new AC unit (seller put in) was stolen right before move in - thieves climbed a 7 foot fence.

Yeah I don't get it either.If people don't know this stuff, they are in trouble. 

Talk to a lawyer.If you get in trouble with your city you won't be able to rent it out now or later.

I'm married, have three kids, and I live in an upper-middle class type suburb with the lawn and the white picket fence and it costs so much these days to keep a family there, it makes me worry about the future for my kids. 

Quote from @Hector Espinosa: Hi @Alex Craig,This would be my first property and as I mentioned before I think numbers looks good but something is causing me trouble is the high crime rate in the area.  

I feel it is important to share my experience to ensure that no one else falls victim to what has been a deeply troubling situation.Jay has taken significant sums of money from investors, including myself.

And i have seen other do it like i said in San Antonio only to have that operator get in major trouble with the state and the investors get wiped out.. there is more than just YOU buying a home without an investor putting up the dollars to buy it.

, I'm still having trouble understanding how the numbers work here.  

It wouldn’t cost much of anything for my guys to grade gravel and fence the lot.