All of this is quite ironic since people in another thread claim that Austin sucks as a place to invest.

Hi BP I am looking to buy a rental home on  xxx Lillian Dr, Memphis TN 38109Can anybody let me know what this house is worth in the market today  Property Type: Single Family Beds/Baths: 4 Beds, 1 Bath  Square Feet: 1,056 sqft Lot Size: .2080 Acres Year Built: 1960Updates include:New siding, Brand New HVAC UNIT, New Wrought iron Doors, New Metal inside Security Doors, New Paint inside and Out Side, New Electrical Service, New Light Fixtures Ceiling Fans sockets etc, New Windows, New Plumbing, Refurbished HARD WOOD Floors, New Carpet, New Ceramic Tile… and the list goes on and on and on!! 

Can't get the outside "after" to load...BeforeAfter & staged to rentYes, there was a new wrought iron railing installed on the stairs.

I wish I was around to be a part of this thread when it was happening just to have something to chuckle about when I was driving around, but I was too busy out there making 50% :D Heck I'll take 3% of purchase price which is 100% of earnest money, get my irons out of the fire and then take that money and put it in a CD to counter balance the stress of having cash in pre-construction.Cheers!

It's not so much about the 'easy life' as it is the opportunity of getting another investment iron in the coals.

.* Have an iron-clad Lease Agreement and go through it in detail with your new tenant* ENFORCE the Lease Agreement.

Lots of irons in the fire.Just remember this line when talking to sellers (even if you are nowhere close to closing a deal), "Do you have anything else you might consider selling?"

What if the 80 year old cast iron stack is leaking, how much is that?  

Wholesale all day long, so long as you have iron-clad money in the bank to close as you sign on for if necessary...don't leave the seller hanging cause you can!

Great post Andrew, ironically I'm starting my first yellow letter campaign to homes on the judicial sale list.