@Tourine Johnstone If that is $500k in down payment, I would look for a multi-family in a resort community that you could turn into an Airbnb type short-term rental property.

These are the numbers for the house Houston greater heights Purchase price 300k Rehab cost 175-185ARV 580-615k I’ll be in the deal for about 480,000 The house is in a PRIME location and I do not want to lose this property I’m even thinking about selling one of my rentals but that would be the last resort.

However, If the guy says he travels a lot you'd want to make sure he has a yard service if its a SFR and I wouldn't want to rent to a drum player in a multi-family.But if the teacher's references don't work out, until I read his credit score, I was for the college students anyway. 

@Carlos Gobert, yes books and podcasts can help build a great basic understanding, but to really know the business there is no substitute for knowing the players you will be dealing with. 

Best,Hi Jesse, I do have friends who are into apartment syndication and they're big players. it is my goal to do deals with them in the future.

Folks are using  our pool homes for staycations and just enjoying the home and resort amenities.

If tenants are willing to resort to unjustified legalese to exploit the situation, you should be willing to resort to justified legalese to protect yourself in the same way.4.

Neighbors that own high-end homes and condos in exclusive resorts might not appreciate living next to a house-turned-hotel. 

on the paper I could be wrong.. but I think the tranches at the beginning are so large in dollar amounts only the hedge funds or multi billion dollar investors get a swing at those.. then they peel off to the next level. and by the time it gets down to the smaller players who might buy at 1k to 20k tapes its gone through a few hands..  ???? 

Getting to know players in town that can put solid off-market opportunities in front of you can present tremendous advantages if you're well prepared.