We both lost out to someone that was willing to give the Seller almost the price they were asking because they were doing a 1031 exchange were they had a substantial amount of cash and they liked the property location.This similar scenario has played out for me several times over the last few years because the market was so hot.

Renting allowed them to cover costs and build equity, while selling in a hot market helped them capitalize on the home’s increased value.Let me know if you’re interested in financing options for similar deals, happy to assist!

Expanding your buyers list is key, especially in a hot market like Houston.

Narrow in on a community, buy a house, hold on.P.S.

You might want to think about pulling up the carpet and taking a look. (2) Maybe the water delivery piping under the floor, hot or cold, has developed a pinhole leak and is spraying onto the subfloor from below. 

Plus a small cutting board and "hot plate" to avoid tenants damaging kitchen counters by chopping items or setting hot pots directly on them.Gail

Passive landlord is a long game enter anytime stay for decades and most will do just fine.Active engagement same thing enter anytime and your reward is how hard you work identifying the hot ticket at the time  access to capital etc etc..

They can use water from the hot tub or fill up a bathtub to have water for flushing toilets.  

She then got a message from the tenant yesterday that said: "I know the plumber came but we did not have hot water yesterday and again this morning.

A hot water heater might have a 6 or 12 year warranty, but you can expect it to last double the warranty.