Feel free to reach out to me if you ever need a realtor or have any questions about the Market!

I honestly can't recall that I've ever heard of anyone replace a roof here.

They would like to move quickly from their larger house to a smaller house, and are willing to negotiate.  

Perhaps as I grow and make more contacts, larger, meatier deals will become more available.

Too many investors think that banks only ever over-price properties.  

The boundaries of a neighborhood can be larger streets, tracks, parks, etc.A house as close as possible in features (beds, baths), size, etc.Using the same financing method, with an arms-length transaction.Once you've found the right comps, then you have to make adjustments to them based on all of those features to get an accurate value for your property.I used to use a spreadsheet for that, until I built this tool: www.reikit.com/compsThe tool uses Zillow data for lookups, but usually I go in with my own set of comps from my realtors then use the tool for adjustments.The hard part is getting the comps, though, and MLS is always going to be king.Cheers!

Based on the numbers in the first post, I don't see how this could ever become a good deal unless the bank took a hit.

It really helps to know your area -- the less you know, the larger the margin of safety you need to factor into your purchase price.  

All major cities in Texas see highest appreciation ever in last few years... still prices are very low compare to coasts.

These homes will also hold larger groups of people hence "more money"... if you are wanting to find something cheaper, Virgin is an absolutely perfect place to snag a cool cabin that you can put a little money into and make it very "new age."