But I did see you have "misc" at 10% so i guess that about covers it.

Based on some insight that I have been fortunate enough to come across, a security deposit most often does not cover all of the damage to the property.  

If you're ok with that kind of return you should be relatively safe and have operating expenses covered with that rental rate assuming you've done the diligence (it seems correct though since I know the spring, tx area somewhat).

From what I understand, a short sale is an agreement between the current “defaulted homeowner” and lender to sell at a price that will attempt to cover the mortgage, but once put under contract or sold does the “defaulted homeowner” have the option to recapture the home in a short sale as they may in a foreclosure?

I have heard the podcasts, but I want to hear more experiences, cover all bases, and just hear what you all have to say!

If pulled out the equity, then the rent wouldn't cover the mortgage.So if you were me, what would you do? 

The HML will do 70%, what does a gap lender typically cover?

These receptacles were also missing electrical covers.

I have a buddy who got an amazing deal on a piece of land that was absolutely covered in junk - he got the deal because nobody wanted to deal with the junk and it cost him a substantial amount of money and effort to clear it - he didn't pay what it would have cost if it was a clear lot.

We plan on covering two main topics: 1) How are we finding our properties?