You'd have an investment and a residence rent free and possibly cash flow on top. 

In my opinion, I like a cash asset, but they may be able to sell now, buy a smaller house for themselves, and a rental property or two in Texas.

This kind of community is designed to attract certain individuals that share the same values for the outdoors, smaller living, and a healthy community. 

So one tenant pays their 50% in RentRedi and the other pays 50% in RentRedi and as long as it equals 100% at the end of the month, everything is good.

I'm imagining something more like add a wall, turn a bedroom into a kitchen-living on one side and a formal dining room into a bedroom on the other side, maybe add a half bath in each unit.

I live in the Las Vegas market and have investments and a real estate brokerage in Henderson.

If anyone could include what to look out for in a good deal and a bad deal

Avoid common pitfalls like skipping due diligence, underestimating repairs, and overleveraging having reserves and a strong team is key.Good luck!

DFW is a very big metropolis and as such not all the markets within the DFW are going to work.First of you have to answer the following questions:- Where are you going to work?

He liked the idea so we created an LLC and a partnership agreement and he deposited 100k into the business account.