Not having any idea as to the potential expense involved in foreclosing especially if the borrower file a bk8.

Hi Timmy, I recently interacted with the City's Planning staff about a listing that had an existing structure that seemed to at least have potential for an ADU.

While some less experienced Realtors may shy away from courthouse sales due to the complexities involved, I recognized the tremendous potential this presented and dove in headfirst.How did you find this deal and how did you negotiate it?

If you do decide to have a "partial" 1031 exchange and use some of your 1031 sale proceeds to pay off debt on other assets, you'll just want to make sure that the improvement in cash flow offsets the tax liability that you incur from your partial exchange AND the lower rents from potentially buying a less valuable property with your partial 1031 exchange. 

I mainly concentrate in the Dallas Texas area.I found a beautiful property with a lot of potential in a well-kept and beautiful street.

You're on the hook to coordinate showings, answer questions, and avoid fair housing violations in how you evaluate and respond to potential tenants.

While I've been doing research, I would appreciate a local's hands-on perspective on the state of the market and potential areas to target.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

I kept reading some apt is operating with DSCR 0.61x ; I bet there're professional buyer in line willing to buy those asset with large discount LOL

Is there potential for value-add?