ARV: CONSERVATIVELY $290K (RICHARDSON TX)REPAIRS: $20K (FOUNDATION $10K  + FOUNDATION RELATED CHIMNEY REPAIR $10K)ESTIMATED HOLDING & CLOSING COSTS $5K-10KPOTENTIAL PROFIT: $20K-25KOWNER'S MORTGAGE BALANCE: $240K (THIS IS THE LOWEST THEY'LL BE ABLE TO TAKE WITOUT RUINING THEIR CREDIT WITH A SHORT SALE)as you can see the margins are a little slim but its hard to find a deal in DFW right now.

Yet, I don't want to start with a bad deal and ruin my ability to keep moving forward.It also fits my current situation nicely and will get me living closer to my job.

There are a myriad of fees that come with being a licensed agent worth considering in your analysis that can ruin the benefits though.  

I bought a duplex in May, 2 tenants pay $325 under market, I told them I would honor they contract until it expires November 1, 2021… I had full intentions of letting their lease expire and renovating both units to hi...

It also completely ruins the cap rate.

I am about to medically retired in a few months due to cancer (already had surgery)  I have adequate pension income and have a very diversified portfolio ($700K of 401K, devident stocks, IRA, annuity, 200K cash in the bank, no debt and Have inherited a couple property overseas.Question:  Is this rental a poor investment (3% annually net income?)

We also put all occupant names on our lease, but not many PMC's do.Per privacy laws, we can't share credit reports and other personal info - we'd be liable if the owner committed ID theft or allowed it.Contact ifo is also a no-no, as we dont want an owner going around us and ruining our authority with the tenant.

Are you willing to ruin a good friendship?

When I lived there I agreed that many Airbnb’s and vrbo were ruining the neighborhoods.

LOLthe dream is real estate richs and the man promoting is getting rich.. some will succeed I have seen it.. but 90% dont.. and just go into debt. that further ruins their lives