Knowing what to budget for when buying a home may feel intimidating — but it doesn’t have to be.

We are good friends but that's also not an issue for them because they are a dual veteran couple.

If that’s the case, I’d recommend considering areas outside of Dallas proper where you can still find properties with strong growth potential.Cities like Prosper, Melissa, Princeton, and Anna are excellent options to explore.

Are there other creative options I haven’t considered?

You've only owned it six months, so you probably haven't dealt with vacancies, maintenance, or capex, but you should be setting money aside for those things.Your partnership agreement (if you have one) should address exit options.

Although you are a new investor, you actually have more and better options than seasoned investors.Id they need a second parking spot , rent that to them also.

I've been doing some light reading, and it sounds like refinancing that property and using the proceeds to reinvest elsewhere might be a better option. 

I am looking to connect with an OOS investor friendly realtor in Indianapolis.

I have been on New Western's deal list as well as another bigger local company and everytime I underwrite these deals there is very very minimal left on the bone let alone contingency funds for going over budget on the flip...

However, I am unfamiliar with any lenders having traditional mortgage options for anything with a VIN number such as a trailer.