Granted, my experience is with a small sample size.I guess this is another way to drive up prices for the average buyer - I don't see how it's creating "more competition", except on the buy side. 

And check out Grant Cardone his real estate stuff is amazing, and listen to the audio book of rich dad poor dad, and audio of gary keller book.

Then, when you send the accounting of their security deposit, deduct that fee.I assume your lease and this fee is in compliance with TX law and TX law allows this fee to be deducted from the deposit.

If you have 16k cash and can afford the holding costs, live nearby and can keep the property and rehab materials secure it might work out.

@Logan Jorns Would highly suggest getting in touch with a securities attorney (as also pointed out by @Chris Seveney).

For example, you buy the place and the tenant could claim the Seller allowed them to paint the walls black or that their security deposit was twice what the Seller claimed.

Granted, there are tons of new home communities further south in Davenport/Championsgate too, but I believe the nicer and closer to Mickeyland, the more attractive it is to vacationers. 

Explaining the process and security they have if things go south is whats gonna get them to sign.

I went back and forth with the city about granting variances for lack of lot size.

Along with the expansion of Grant Road, we predict that homes in this area are going to increase in value, rapidly.