You just can't beat that debt, especially in an area that is appreciating and in high demand. 

The owner already owns several properties and has achieved some success but may need some referrals to meet current repair demands.

It's also a great market to pick up because of the lower home prices and demand from renters.

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I know that there is a demand for it down there and I know it can be tough work, but I've decided to go for it. 

Landlord policy's have gone way up because most carriers are no longer writing landlord policy's in Texas because of the billions of pay out due to hail storms. https://www.restoremastersllc.com/hail-damage-statistics-in-...So, supply and demand of course push's up prices. 

NONE of them had the phone numbers right, even the best rated sellers.

The house is worth $152k but the seller wants $375?

I could get behind you taking on a live in flip because the downside risk is fairly limited (it's a place for you to live if things go sideways, and you can take 2 years to slowly do all the work and reap the tax free gain).The way that you get killed in real estate is by running out of cash and/or being a forced seller.

We later sold the property on seller financing terms, asking for $139,000 with an $18,000 down payment, also spread over 30 years.