I don't know about Texas, but when I went up to Utah, attorneys were charging over $100 an hour, and a real good Attorney in Salt Lake City that was referred to me by a BP member is charging me around $4k for a quiet title action, other attorneys that I shopped around for were charging just about the same.

I have plenty of operational philosophies that guide me, but no rules of thumb.I'm not an expert in the note space, so grain of salt ... however, I'd back into what "sufficient equity" is ... for the state the property that the note is in, how long will it take you and how much will it cost you to foreclose and sell the property and at what price will you be able to realistically and conservatively be able to sell?

I'm looking for some other members in my area. I'd also be interested in meeting people in the Bozeman, MT area as I spend a lot of time up there. Thanks look forward to connecting.

I sweep or vacuum the common entry way about once per month (or as needed) and check that the sidewalks are getting shoveled and salted in the winter.If I am needed at any of my rentals, I tend to at least drive by the others since they are within a few blocks of each other, just out of habit.  

The following is an oversimplification, so take it with a grain of salt, but there's 2 kinds of investment markets:1) cashflow market - markets like the midwest and south where you can buy into some decent initial cashflow and the 1% rule could still be applicable, but it more than likely won't appreciate too much over time. 2)appreciation/equity markets - The Denver metro falls into this category.

@Ben SmithI’m in the business so take this with a grain of salt. 

Goldcrest Homes in Salt Lake City is selling a new home project with no Mortgage payments for Six Months!

I'm newish to investing and I have my first tenant from Salt Lake City, Utah moving out at the end of the month.

We have been looking to purchase other properties in the Provo/ Utah Valley Area/ or salt Lake City area (because we travel their frequently.)I am loving all the BP podcasts and have been reading constantly.  

Here are a few very anecdotal personal observations: *Please note that there may or may not be larger market data that support/contradict these statements, and I am stating this only based on my extremely small sample size compared with the entire population, so please take that with a grain of salt  :)For our preferred price point, it seems that sale prices are generally outpacing rent increases.