They may be "competitors" of your past tenants looking to set up shop in a popular known location to establish a new business.

Yes want good rates, but that is more like a pre-requisit than the main criteria.Sellers and their agents will judge the strenght of your offer by your choice of lender.

Popular zip codes in town with pre-flip purchase price points below $400k would include 78758, 78702, 78721, 78744, 78704, 78745, 78748.

Denton has lots of choices, older homes, some run down areas waiting to be restored, student housing options etc.   

And a sponsor that they love might appear to be an insane choice to me.It is very easy to find hundreds of potential sponsors on this website as well as on real estate crowdfunding sites.

This is my first post on this site but I remember Brandon saying in one of his podcast that if I had questions that this was a good place to ask them so figured I'd give it a try, anyways I was wondering if there are any good websites I could use that'd help me to somewhat get a basic understanding of certain areas such as finding out what type of housing is popular in your area, or if there's lot of job opportunities in said area etc...

I know Jacksonville FL has been very popular on BP for the last several years.Inventory has been crazy low even in the middle of a drawn out pandemic.However,the low inventory didn't truly hit home until I had a few vacancies this month and asked my agent to list them.As is customary,I went on Zillow ,typed in my zip code and adjusted the filter for number of beds/baths and the desired rent amount.To my amazement,in my entire zip code,only one other unit was on the market for rent in my price range <$1000.Then the agent sent me "rental comps" the next morning in order to advise on a reasonable list price.It turned out 4 out of 5 units on his comps list were my recently rented units as well.At that point,it was clear we were our own competition.Nobody is selling.Whatever is coming up for rent is being snapped up in record time.The following week,a duplex came up for sale on MLS at the beach for $369,000.My notifications alerted me and I thought that was a fair price since I could probably get $1700 in rent for each unit with minor cosmetic upgrades.I checked "days on zillow"....8 hours!

So trying to refinance with no closing cost will be a much better choice in this case.Of course, if you do not want to expand anymore, that's another story.  

Again, a risk vs benefit choice.

I'm under contract for my second in Remington.I'm wary of PIgtown, Fells, Canton, all the other more popular neighborhoods that are desirable to live in.