I'll bet you would dig thru 1000 properties if there are that many to find a decent OTC deal in Texas. 

What made you interested in investing in this type of deal?

I was talking to the guy that found me the deal and he said it has a Federal Pacific electrical panel and he's saying I'll have to rip out all the sheetrock and redo the wiring in the house as well as the plumbing because it has galvanized pipes.

Purchase price: $80,000 Cash invested: $150,000 Hoarder house sourced through a wholesaler with plans to renovate and turn into a short term rental What made you interested in investing in this type of deal?

It doesn't matter - You as the big bad rich landlord have a target on your back and will be named to the lawsuit and your insurance carrier will rush to settle it quickly and then you'll be dealing with the long term challenges of having that claim in your insurance history. 

Could really use some senior help analyzing deals in my Southwest Louisiana market. 

What made you interested in investing in this type of deal?

You might know of the vacant house down the street and be saavy enough to do the research and hunt down the owner and sweet talk yourself into a deal.   

Would love to repeat this (appreciation has been great) but with rates it doesn't currently support the prices/weekly rents What made you interested in investing in this type of deal?

I am an LP in 6 deals right now and hoping to take advantage of this idea for future deals.