We do not have much in retirement accounts at all, which ironically would be automatically excluded from consideration as assets.

I know I need a good, iron clad agreement, I assume I would want to be in "first position" mortgage wise, I assume I would want the improvements part of the loan to be disbursed "as needed", etc.

I finally got into a job where I've been for the last few years and have gotten pay raises to more than make up for previous pay cuts before and because of layoffs. 2008 changed my entire way of thinking and I doubt I'll ever feel as psychologically secure as I had in the past abouut money and security. 2008 is a major reason for getting involved in real estate, ironically enough.

I find it ironic that this business model has a negative perception about it..

Your comment "now that i have your number i will spam it 7 times" is so ironic and tone-deaf i almost think youre f-cking with me.

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.