If the job market here stays strong over the next two to three years Austin/suburbs should finally see some decent appreciation.Some of the neighborhoods I "fish" in have seen quite a few sales to Californians so while 1/3 may be strong there is definitely some evidence that the speculators have arrived.

I have no idea if they'll accept the offer or not, but the property has been sitting for quite a long time now.

It's beyond personal so I may just make sure that he doesn't have any money for quite a long time with a judgement and any garnishments I can get.

The house appears quite live-inable.I expect to collect rent of $1000 a month, with taxes of $1500 per year and insurance of $690 per year.

I know I'll have to really investigate the property to minimize my risk - so I may not be buying quite as many houses as the person who might be buying and wholesaling.

(Not many mortgage holders will allow land contracts to be done/recorded) After he left and the house was to be sold, the closing attorney had a fit to have him personally appear to sign a "Quit Claim" with regard to the deed transfer.

The people have rented from me, in my duplex are 20-somethings and younger couples who are doing ok financially, but aren't quite ready for a whole house.

You are going to have to make quite a return to compensate for the interest you are paying to borrow.

Touché 2)That analogy doesn't quite compute for me.

I don't quite understand the question.