Among them I saw:A cute place 10 minutes from downtown that almost made me throw up from the curb because a decade of cat piss resided insideA one story that was trying to act like a two story with a metal spiral staircase deathtrap, rotting wood all over it, major cracks and water damage all over, and needed at least 60k of repairs and updates while it was posting only 10k below compsA duplex that looked like it was interesting until I found out it was right next to the street with some of the highest crime rates in austin.A grandma house that was a step away from i35 (one block of houses in the way).

Many lenders are concerned that if there isn't any equity an investor might walk away if the rent money dries up.

Seth Borman oil heaters are perfectly reasonable and produce better, non-drying ambient heat.

Here are somethings I have dealt with on mine:Sealing baesment walls from moisture; jacking up original porch to keep it from pulling away from building and causing damage, jacking up floor supports that were sagging, and converting fuse boxes to breaker boxes; tenants installing window a/c units then damaging the window frames with water rot. 

I've seen it during pretty bad flooding and the area is very dry so I am quite certain the houses are not at risk. 

Whether those other asset classes are stocks, fast food chains, apartments, dry cleaning companies or 711s is up to the investor. 

TL;DR I dreamt of investing for a long time, moved to the US to do so, hustled to gain knowledge, took action while feeling terrified, and just finished buying a house and placing the first renter.I'm writing to say thank you to the community. 

Includes up to 2 sheets of sheathing, ice & water barrier, 15# felt, NEW flashing, NEW pipe boots, drip edge, shingle over ridge vent, starter, ridge cap, nails and caulking. 30 215.00 6,450.00 Remove awnings at front and all debris throughout yard 1 200.00 200.00 Clean out gutters 1 150.00 150.00 Paint exterior brick, trim includes paint prep 936 1.50 1,404.00 Add cement walk way home to the exterior door 15x4 60 16.00 960.00 Replace front window close to drive way 36x60 1 500.00 500.00 Replace damaged and rotted fascia at front 50l feet 50 5.00 250.00 Replace 2 sconce lights at front door 2 50.00 100.00 Replace front window on right side 8x8 1 850.00 850.00 Replacement torn screens as needed 1 125.00 125.00 Install conduit at electric panel that is worn out 1 125.00 125.00 Replace 15 feet of gutters at fron right 15 5.00 75.00 Remove old hand rail and install pressure treated hand rails 15L feet 15 15.00 225.00 Replace crawl space vents all of them 1 100.00 100.00 Replace dryer vent 1 25.00 25.00 Replace side door sconce door 1 50.00 50.00 Replace older window next to storage roomy 36x60 1 500.00 500.00 Install kick strikes at both doors 1 50.00 50.00 Replace door at storage room 1 175.00 175.00 Redrywall storage room 150 sq feet including removal and patch and paint 150 3.00 450.00 Remove all debris 1 300.00 300.00 Remove gate and side section at driveway 1 25.00 25.00 Install 60 feet of gutters and 2 15 feet of downspouts 90 5.00 450.00 Replace 6x9 sq feet of siding and repair any rotted studs 1 500.00 500.00 Replace 3 flood lights at backer home 3 50.00 150.00 Grind down old carport metal posts at back driveway 1 25.00 25.00 Replace carport flushmount 1 50.00 50.00 Replace mailbox post, mail box, numbers 1 125.00 125.00 Install all new Vents to crawl 1 75.00 75.00 Pressure wash home 1 300.00 300.00 Living room Install fan in living room and wire line to switch at front door 1 250.00 250.00 Repair drywall at bay window 5x4 section includes window sill 1 200.00 200.00 Replace vents throughout 7 7 25.00 175.00 - Bed 2 Replace flushmount with br Nickel flushmount 1 50.00 50.00 - Bed 1 left Replace flushmount with 52 inch bn fan 1 150.00 150.00 - Hall Replace flushmount with bn flushmount 1 50.00 50.00 - Bathrooms Remove tile and hardwood floor 1 150.00 150.00 Install 24 inch vanity 1 400.00 400.00 Install 5 square feet of granite to match kitchen includes back splash 5 35.00 175.00 New sink white oval -undermount 1 150.00 150.00 New bn faucet --single hole 1 150.00 150.00 Vanity plumbing hook ups 1 75.00 75.00 Replace toilet 1 225.00 225.00 Remove wall tiles throughout repair drywall to paint 1 400.00 400.00 Replace tub 1 700.00 700.00 New tub faucet and hookups 1 150.00 150.00 Tile tub all the way to the ceiling with white subway tile -3 sides 50 7.00 350.00 Install new shower head 1 25.00 25.00 Install concrete boards to tile walls in new tub 1 200.00 200.00 Install towel bar, towel ring, toilet paper holder 1 80.00 80.00 Remove medicine cabinet and install 24 inch mirror including drywall repairs 1 100.00 100.00 4 bulb vanity light in bn 1 75.00 75.00 Install tile at floor 50 sq feet including closet 50 7.00 350.00 - - Dining room Replace flushmount with 5 light chandelier bn 1 105.00 105.00 - Kitchen Replace cabinets 21 plus wine cabinet above fridge 21 150.00 3,150.00 Replace counter tops with granite tier 1 36 sq feet with 4 inch back splash 36 35.00 1,260.00 New sink --undermount double bowl stainless Steele 1 250.00 250.00 New faucet- SS single hole. 1 150.00 150.00 Plumbing for new hook ups 1 75.00 75.00 6 can lights 1 600.00 600.00 Plumbing for dishwasher 1 75.00 75.00 Stove SS-- self cleaning with window and clock. 1 675.00 675.00 Microwave ss-- undermount vent hood/micro combo 1 292.00 292.00 Dishwasher SS-- tall tub 1 485.00 485.00 Fridge Ss top/bottom with no ice maker 1 750.00 750.00 Repair subfloor 1 250.00 250.00 Replace elec panel cover 1 75.00 75.00 Install backsplash -- subway tile 1 500.00 500.00 Address lean on entrance to dining room and widen towards the left about 1 foot over 1 350.00 350.00 - Move water heater in to hall way closet.

What if that cash flow dries up for whatever reason is leverage still that inexpensive?  

Or it might be when a contractor gets too far behind on the job and can't make it to the next draw and you refuse to front him more money so he walks off and leaves you high and dry with the property in this state.