@Scott ONeill, was that Co-Star for $395/mo?

One website had 5 stars while another had one star.  

97 units studio $630/mo per unit (7) $4,410/mostudio $630/mo per unit (7) $4,410/mo  1b1b $785/mo per unit (20) $15,700/mo 1b1b $795/mo per unit (19) $15,105/mo2b1b $875/mo per unit (28) $24,500/mo2b1.5b $930/mo per unit (16) $14,880/mo100% occupancy @ current rates yield $79,005/mo $948,060/yrThe next numbers in this section are according to one of the listings I found and are not verifiedGross Annual Expenses: $446,168Gross Annual Income: $853,658 Net Annual Income: $407,490 Insurance Expense: $37,902Major Variables Seller's financials all currently unknown-bank deposits-expenses-taxes-insurance-management-maintenance-staff-lawsuits between tenants and owner-current occupancy of each floor plan (something online said 95% but, I doubt it)-delinquenciescondition of-structure-hvac-roof-plumbing old needs maintenance -foundation-parking lot-pool pumps/cleaningNoticeable areas of improvementexterior paint, shutters, landscaping need updatingpool and pool area is small and uglyoffice needs to be remodeledmarketing: nonewebsite sucksreviews give 3 stars at bestreviews online from tenants state there is only 1 maintenance person and multiple plumbing problems and poor management and possible pest control problemsOther notablesBeen on realtor.com for 361+ daysmature treessoccer field (could be re purposed)year built 1974class c complexPets okreviews online from tenants state there is only 1 maintenance person and multiple plumbing problems and poor management remodeled in 2010On the UNT bus route

I am tired of starring good opportunities in the face and not being able to jump on them!

There is such thing as over leveraging, but if all of the stars align in  your favor, you will have out smarted a multi-billion dollar industry.

If you want anything done right you are going to pay out the kisser because its that time in the cycle that everyone thinks they are an HGTV super star.

Income, credit, background, etc.There is money to be made, but be careful...There are "book values" out there, but they are not of much use.What is the value of a home in a 5 star community in California, is not the same as a home in a trailer park next to the city dump in the inner city slums.Book value doesn't consider these factors.Rob

I would plan for a year of hard work to really start to see the stars align.

There is a company in KC called five star wholesale that does what you're describing.

For those in Houston who are companies or name of indivuals that would be the rock stars of flipping or long term rental strategies.