I plan to expand my knowledge with the virtual mentors I hope to gain here, and share my experiences as well as meet up with local Houston RE Investors.I'll let you all know when I get my first green house on the board.

Yes, condos are not without their challenges, but I find most of those issues vanish if you stick to higher end condos and stay away from low-income units that virtually resemble "The Projects".

THEN show the apartment.5 Understand it is virtually impossible to have zero vacancy so adjust your expectations and business model accordinglyYou will have a vacancy period, but vacant is way cheaper in the long run than a bad tenant.

For anyone doing more than a few deals a month, this virtually requires a team of at least one to acquire and one to manage the rehabs.2) Until recently, prospecting has been focused.

@Cody Brownfield  Here is a virtual tour of the house(link below).

I'm considering using a virtual broker due the fees and requirements many of the brick and mortar ones require.

So take those comments with a grain of salt, as well of course she is going to deliver the exact same message she delivers on virtually everyone of her posts.

I'm not big on the various BP "rules", but this sort of house in this sort of neighborhood strikes me as a virtually certain candidate for 50% of gross going to expenses.  

Things like raised beds also take a few seasons to amortize out.If three acres is the minimum, can you set up an LLC for the land, then sell, say, 25% shares as a virtual subdivision, with the co-owners being "tenants in common?"

They initially ordered a drive-by appraisal which got virtually everything wrong - sq footage, number of rooms, number of bathrooms, number of bedrooms, etc...