In addition to them having money they purchase property “AS IS”.

I know Condos tend to be a little more susceptible to market trends, but if I am just looking for a good rental,  are they a safe bet?

hi from austin tx. so been hanging around here trying to figure out how i wanted to get started. well figured it out. i am selling my house, cashing it out, because i do not want to use it as a rental. bought another house that i will hack then turn it into a rental in a cpl years but in the mean time i am looking at additional properties in areas outside of austin even out of state.my goal is 10 properties before i retire, from my current job, in 6 years. i am looking especially in rural areas.

This also keeps you from having to go back to the utility to pay additional deposits or provide references - every time you lose a tenant!

My guess is that it will be a pretty big chunk of change to replace them and whether the return on investment would be worthwhile - I don't know but I'd bet no.  

And please include the following:-How much do you have to invest-Do you have additional equity partners-How are your personal financesJust to be honest, you're unlikely to be able to invest in the tri-state area, even in Suffolk County.

Maybe I'm missing something that makes Pittsboro a bad area, as I haven't looked into it deeply, but If you are thinking about placing a bet on growth over the next ten years, then it could be worth investigating. 

In Texas, we have earnest money in addition to an option fee.  

In addition, is the property rented or not, is it Section 8 or Regular Tenant.

I'd bet the price for any station for sale just jumped up 10-15% like the remaining gas in tanks... if there is any left. http://www.wral.com/nc-stations-run-out-of-gas-aft...