They've worked hard to pay the properties off and now they've got a tremendous amount of equity and cashflow on which to retire.

As long as the yard looks nice (trimmed) and clean there is no need to spend extra money on these type of things when you are going to sell.If the house is old and is wood - adding siding can make it look tremendously better and raise the value significantly.Do you have any ideas that you are concerned about?

It's cut my phone bill down tremendously.

Likewise I agree that the Houston Real Estate Market is very efficient with tremendous values accross the board.

We thought we wanted to be rid of the hassles of managing our own, but realized that we spend a whole lot more time managing our properties out of state then when we manage them ourselves-and it is tremendously more costly to hire a PM, as they like to just throw your money out the window, and into their bank accounts!

I suspect it has because many people who hear these figures say “yeah, right, no investment would be that much… and if it, the risk is probably tremendous.”

Are they a tremendous amount of work, and do the lenders lean on you real hard, as regular sellers can do sometimes, or are they less cumbersome then dealing directly with a seller who lives in the home?

This is a tremendous opportunity!!

Hello Aaron,And a great big Texas welcome to this forum.We're glad to have all the loan experts that we canbecause the professional crowd on this forum hasa tremendous need for capital.

They can save a tremendous amount of time in a situation like this.I would also start looking for your financing now.