Also, if you message me, I can fill you in on the assumptions I made when running numbers. 

A general assumption for houston that it is a 1.2 market, so if your ARV is $110K, you may get between $1,300-$1,400/month. 

@RickWell, your assumptions are mostly correct, but a NPN can go pooof into thin air and be worthless.

All of these obligations can be traded at discounts.What draws RE types to note investing, besides the gurus, is an assumption of knowledge of RE, that is simply an understanding of collateral and disposition of collateral to cure a default.

Just the loan assumption fee would likely be around $15K.  

When I am running numbers on prospect properties and I am pulling rental rates from comparable properties nearby and THEY are advertising certain utilities being included, my assumptions should be that way as well. 

B2R) and portfolio lenders aren't working due to their prohibitive terms (high DSCR, high 30% vacancy assumptions, non-fixed rate products). 

Being a married woman expecting a baby, my assumption is she had a private unit.  

I'm wondering on your assumption that a lot is below market value, that may be if the owner is in a distressed situation, most likely, as Karen eluded to, that may be the market value, what you agree to pay.Here, new lots will carry a break ground date, generally 1 year from closing.In Texas weather is not a big factor, at least as much as it is in northern areas, you might hold 90 days (or more) before getting below the frost line to pour!

No, bad assumption.