A very serious conversation of the consequences of an eviction and/or a financial judgement on their future job prospects might be sobering.

I'm looking forward to the conversation, and it feels good to be moving forward even if it's baby steps...

Conversely in an area where the crime ring is bad all around the property the cleanup of the building being purchased does not matter because the only tenants that will live in the area are the rougher ones and will re-trash all of your rehab.I have seen investors take big losses on property deals I wasn't involved in and would have told them never to buy in those areas.

I am looking at the various options for develping passive income(s) that will allow me to transition from my current field when the time is right.I've been networking a bit locally and have exposed myself to this investment segment enough to where I feel I can have an intelligent conversation on the various opportunities that are out there.

Disadvantage, it will be my first home that I OWN..The meat - 3 family - 2462 SF - Purchase price $300,000 (in discussion w/owner)Unit 1- 3bdrm plus art gallery - $1400/MoUnit 2 - 2bd - $1100/MoUnit 3 - 1bd - $900/MoTotal (conservative rents) = $3400/MoProperty is recently vacant, in decent shape (out-dated) nothing major needed ASAP, I would look to do minor cosmetic upgrades to be a "higher standard" rental unit at competitive market rate.2nd Property - Single Family 3,000 SF 5 bdrms - 2 kitchens (possible multi conversion) - Purchase Price $280,000 (in discussion w/owner)Quiet Dead end street in nice neighborhood, large backyard w/greenhouse-ARV - $425-$450,000Assessed $440,000..Initial walk through property needs new roof, and may have mold issue.

@Matt Devincenzo I don't disagree with you.However, after some personal conversations with the presenter, knowledge of her background, and some other factors, I trust her when she says she's had at length conversations with TREC Legal who interprets it a different way and inserted it into the code for that specific reason.Also, this is just how you're suppose to do things.

Hello,I just wanted to throw a possible 'exception' in to this conversation.

I was just having a conversation with a business partner of mine about Montgomery County and some of the demographic and educational shifts over the past few years. 

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.

Having J Scott's flipping book will be a great resource as you work on crossing the flipping house item off your bucket list.When you get the chance, add a profile picture to help better establish connections.