I"m also using the county assessor site to get assessment price from there and compared to those prices.

It never made sense to me to go after a deal where the margins are that tight - seems like high risk / low reward... nice to get some reaffirmation.

Compared to getting something unexpectedly which creates a memorable moment.

For a quick back of the envelope figure out the NOI from proposed lease and expenses then divide by prevailing cap rate for comparable properties.

-Is there a rule of thumb for pricing single family homes compared to apartment complexes in the same area?

A good profit is the reward for being aggravated ;)

I intend to have it professionally inspected but at this point, all it appears to require is paint and flooring in the kitchen.This property will be my first rental and according to a rentrange.com analysis, rents run from $800 - $925 for comparable prooerties.

A couple things from my perspective: TX is a very low barrier to development state especially compared to CA and even the geography is wide open so the danger is that developers will just move a mile down the road and build new product to compete with yours if good employment is headed that way.

We have been dealing with 1 mortgage officer but the rates are not adding up compared to other rates we have found.

Originally posted by @Jon Klaus: Put them on your credit card, get the miles, and pay off the card.I don't do miles, but always on the card and get the associated "rewards".Also just got a few new business lines with 18 month 0% so it would have been nice to get a big tax deduction in 2013 that I wouldn't have to actually pay until 2015