I recommend putting that in to some type of investment account producing dividends and other long term growth vehicles.

Personally I'm not really worried about natural disaster type issues in DFW. 

He had a conviction for carrying a firearm without a license and has guns all over the house....

However, several pockets in the area vary vastly in the type of deal you may acquire.When working with first-time rental investors I recommend looking at a few things as every investor has different needs/wants from their portfolio.

I'm wondering how many just sent the deposit in to the person claiming to be the "owner".Here in the south you can sometimes (literally) get away with murder if you claim to be some type of reverend/ minister/man/woman of god/whatever which is exactly what this scammer was claiming.I report the ads to craigslist, they are pulled, only to show up again a few days later.

It depends on what type of work you're doing and the type of property...a knowledgeable agent will be able to help.

Investor type level hours don't really count but are still good to keep track of to further prove your case under audit.Great post Account Closed. 

@Rajul Vora This market uses two types on income to UW a 1-4 unit residential property.

Purchase price: $255,000 Cash invested: $91,202 4 Bedroom, 2 Bathroom with Garage (New Build) - Purchased this one with a partner (50/50) What made you interested in investing in this type of deal?

What types of amenities are tenants currently demanding and anticipated to be demanding?