Primarily because we had raised rents and completed some significant deferred maintenance.With regards to the vacancy issue I would argue that a portfolio of SFR's is no different than a multi. 

If financing with anything other than HML, most banks will insist upon an inspection and appraisal.When you have a general contractor or you yourself have the knowledge to essentially do the inspection upon initial walk through, before you submit the offer.When the deal is so great that it covers just about any foreseeable repairs that may (or may not) be needed.Some would argue that just because you remove the inspection contingency, does not mean that you can't still legally have the property inspected, just that the purchase is contingent on it.

Unless it is clear that late fees are part of that verbal agreement then, I would certainly argue that the landlord cannot charge them. 

I am currently reading the book "ABCs to Real Estate Investing" and i've learn some good information so far.

While I would say you have narrowed your farm area to generally Tarrant County, I would argue that once you have a deal in front of you, you can then take a look at financing it.I recommend taking one step at a time and discovering your "why" for every decision you make going forward.Good luck to you!

Either way, you'll have to do the math to figure out what's best.Also, since so many people have asked: this calculator assumes that with the 15-year mortgage, once you've paid off the mortgage you're taking the same monthly payment and investing it instead.Edit 2: A few people have argued that inflation is not relevant because it applies equally to both scenarios.

Hi @Jonathan Park Some may argue that if the property is still on the MLS, that means other investors already passed it up precisely for the reasons you already stated (price, condition, etc.) but those who passed it up might have had a different strategy.

I'd like to argue that both benefit and can become friends.. and that it calls more attention to the location.Thanks for any perspective!

I'd argue that if properties are selling at "inflated" prices, then those prices aren't inflated.

The move out inspection is not the time to argue over pre-existing or new damage.