You can search for rentals to get an idea of what rents look like in your area of choice.

A paralegal would cost less than I would as an attorney… the first obvious choice is to ask your local Indiana legal advisors for a good paralegal wanting to make a little money in the side drafting or reviewing your completed docs before recording with the county recorder’s office

Hi Everyone,I put in earnest deposit on two new single family constructions - Lennar in Magnolia and The Highlands - Porter by David Weekly (both properties are 3 bedroom)....I am not from Houston area, Can anyone here please tell me if these were wise choices for rental properties?

I negotiated an amount that was beneficial for both of us, but it took a very long time to get the money for one reason or another.

@Nathan Wierzgac Might be beneficial for you to contact a commercial RE  mortgage broker to help you navigate this. 

Again, my post is for discussion purposes only - I figured providing a real life example of how the new construction model can work, but also the risk associated with it at this time, might help some OOS make whatever choice is best for them.

You got two choices one is to start lending or the other one is to pay a monthly/yearly fees to get educated about real estate for your first year or two.

Hi Pretty,There is absolutely no way to know ahead of time if you will recover the cost 100% or even 1%.The choice might come down to how much you and your wife want to have this very desirable bathroom vs the one that is in there now.Getting your money back on it in a new-ish suburban home is just unknown upfront--I'd say this purchase is more of "Personal Desire" purchase than a hard nosed business purchase.Although it could turn out at sales time to being some added sale price...

There is good and bad with every situation, dealer's choice though.

Either one is a good choice although my personal choice would be anywhere in Texas; not limited to just Houston.