Here’s the skinny.

As mentioned an attached adu can cost less, but not sure how well that works "aesthetically" on a skinny lot with 2 units already..

@Alejandro Salcido I hope the property doesnt need any work, those margins are kinda skinny otherwise. 130k purchase price + wholesale fee and ARV is 180k.

Skinny, tired, but determined to make it work. $5k /months is your dream and nothing can stop you.

Setting down at my desk a few mornings after hearing of the latest party I was treated to photos taken from the neighbor directly above our unit of the tenants skinny dipping with several friends in and around an inflatable hot tub that was set up on the patio (on the first level) of the condo building.

I know many HML - but would not recommend any of them - their interest and points are high and your lose much of your potential equity.I would rather have an agreement with the seller and negotiate time to accomplish real estate profits goal.I use a system called Control and Roll - control the property with a skinny contract - maybe a joint venture with the seller - take possession - long settlement time - do a hybrid with marketing clauses  and assign the property before you have to close --- take your quick profit and move on - Why put yourself in a position of having a HML as your partner - they don't do anything to help you.Learn how to leverage to your advantage and you'll never need to kiss-up to the HML people.

It's not considered a big lot in Texas. . . . just in central Austin, where builders are now tearing down homes on lots like this and building 2 or 3 "tall, skinny townhomes."

That's a very skinny deal.  

(talk is cheap)Ask if they can mentor you on how to write an offer, use a skinny contract, and necessary protection clauses - look at their forms before making a decision to take a mentor on.Principal mortgage, delayed settlements, subordination mortgages, possession clauses, legal assignment forms and agreements, wrap around mortgages - how to stay legal and honest in your real estate business.Prospecting - negotiating, hybrid offers, long form offers, commercial contracts, joint ventures, piggy back offers, raising funds.Public auctions - how and where to profit, where to stand, how to bid, when not to bid, conversation with trustees and auctioneer before the live out-cry action, farming for commercial properties.Title companies - credit lines how not to use HML's, and tenant management, local rental requirements - staying legal - eviction and and tenant retention. 

I've seen a lot information regarding REI Software. I've seen all types and heard lots of claims. So I guess the question isIs there a preferred software in use by BP members?what are the pros and cons of the software...