Follow the lease terms, observe local regulations and you’ll be ok.

There are no real "secrets" just some observations over time :)Speaking of secrets, may be we could meet one of these days for lunch?

I also like Watauga a lot, so the area is good in my opinion.The only other observation is that there is zero reason to buy in a flood zone in DFW.  

But thats just my opinion I have never been in their shoes just observed.

My observations of investors I have spoken with who have owned about 8 to 20+ properties, is that most landlord type investors go ahead and put 20 % down on solid properties.

Now, those are just my observations.

Wise investors evaluate many reports and sources of information to develop a market opinion.My personal market cycle observations:Based on this market cycle monitor and my personal observations in the markets that I currently operate in, here are my observations:San Francisco: 12 months from a PEAK (end of expansion phase), although the impact of tech growth is unprecedented and may stretch the cycle out… maybe 24 to 36 months from a true peak.

Here's what makes me look OOS - and yes these are just my assumptions/observations right now ( and I welcome being told where/why I'm mistaken)1) Affordability - A decent house in the Bay Area where I live starts at 550K.  

But, a personal observation/belief.....on any good rehab deal, hard money is cheaper than 50% of the profits.

From my limited experience/observation it takes a combination of city investment, new restaurant/retail, and incoming homeowners to turn a neighborhood around.