The school of hard knocks.A quick course on how to use QuickBooks will save you a ton of money down the road.

There is space to build additional units and I went to school with the son-in-law of the man selling.

The only experience I have in real estate investing is a wholesale deal I did to pay for nursing school tuition.

This pretty much sets the baseline as far as monthly rent goes.I have seen these same tenants take their same section 8 vouchers, move out the suburbs for better schools, better neighborhoods, in which pushes the rent rate higher for the better good of the neighborhood.  

People buying these properties either have no children of school age or are willing to drive them to the private schools north of Downtown.  

CONSUMER " PROTECTED"  OUT OF HER HOME.SUBTITLE:  BE CAREFUL WHAT YOU WISH FOR, YOU MIGHT GET ITAn actual case history- A home owner rendered homeless as a consequence of  a mortgage regulation--  HOEPA  ( Home Owner's Equity Protection Act )The mother of  three school age children provided in home medical assistance for an elderly resident of a small Idaho mining town.  

Make sure you have realistic expectations.If residential figure out your average houses sales price for your area.Realize that summers months is when a lot of buyers purchase to get kids situated before school starts back.

. - I have been very selective in the areas I have considered, only looking within a 20 mile radius of my home in NW Frisco, and only in areas with great schools.  

the property is located in a town with two large universities, so renting a unit during the school year is typically difficult.

However, it's a market that we're comfortable with, great schools, and high-quality long-term renters are common.