And it’s all based on whether the tenant decides to RENEW.There are many factors that affect whether a tenant will renew: Pricing/lease increases, current job/life situations, satisfaction with their rental, etc.

Especially since you're writing that you expect to have $100,000 within the next year, I would recommend to be very patient and cautious for the next year or two now that we seem to be at the peak of the market.  

You may need to submit a whole bunch of offers, be patient until a good opportunity comes along, or be creative in searching for deals, but you can probably acquire the exact property (just vacant) for around $1.2 million.  

I’m patiently waiting for market rent to go way up which it has in the last year or two.

Understanding the vacancy rates will help me gauge the potential rental demand in the area and how challenging is it to find tenants in Conroe, Texas.2: Legend Homes: If anyone has firsthand experience with Legend Homes, I would greatly appreciate any feedback regarding their construction quality, customer service, and overall satisfaction with their homes.I would greatly appreciate insight from anyone who has invested in or around that area or has some knowledge about it!

By the time the sale is looming you have a bigger chance of getting that listing.I bought non performing loans for about 4 years and ive managed fcl porfolios for a few big financial institutions and the 3 biggests lessons i learn is to indentify from the begining the potential, be patient, and approach the borrower at the right moment.In my opinion approaching someone days b4 the sale , with no homework done and even worst in a bad moment for the borrower diminishes tremendously your chances almos to 0.Just my 2 cents.

My property management team is basically saying I’ll just have to be patient. 

Aside from that, you might need to be patient and improve your DTI over an extended time period before looking into the next property.

once they hand over their cashiers check for the full purchase price.. they approach the bidder and now proceed to educate the person who bought it how redemption rights work. and try to make a profit between what they paid which can be as little as 100 dollars and what the person who just bought the house is willing to pay not to have to wait 6 months.. some squirrely dudes do this as you can imagine... there is a play here in our state if you have patient money to just wait out the redemption rights. you can evict the owner post sale legally. but anything you put into the home above and beyond money to secure it and keep in it shape would not be given back to you if a redemption took place.

Ideally, this person would be experienced in REI and patient enough to deal with a newbie who asks a lot of questions.I have already found a property I'm interested in that is a FSBO, but I need some insight and advice into the surrounding area.Any help would be appreciated.Thanks!