If the 4-plexes have an average price that is lower than the nearby single family residences, your value will also be lower.

We will have to hire out the management of the property because we will not be living anywhere nearby.

Jonathan Smith I see you’re right nearby in Moseley, you do anything with the local REIA or any other meetups around here?

This company always invests in the long-term, and if HQ2 integrates itself nearby a steady stream of strong tech potential, it’ll position itself to gain an extremely competitive advantage for a long time.

I'm a fan of picking an area of every Sat and Sun, hit up the open houses and then grab lunch or beer nearby.

@Akshar Deri go "tenant style" and start looking to rent a place nearby.

My memory tells me I always liked having a gym nearby, somewhere that I could leave my room and study in (Study room), somewhere to do mock presentations, a game room, etc. 

My wife is a realtor covering Rockwall/Rowlett and nearby areas, I can have her reach out to you if you'd like.

So what I was figuring was if we purchased this property at 600K and put in 100K but brought rents up and the NOI up from $4190 a month, or 50280 annually to $6900 a month, or 82800 annually and using the low end of the GRM that I've seen in listings for the near by area of 12... it makes the new value $993,600.  

He has rented it through a PM before and hasn't had a pleasant experience with tenant turnover and minor damages that erased the little profit he made.Then he got to telling me he is thinking of trying to short sell it so I got curious if there might be a deal to be had.From what I can tell he paid 87k for it....He said he still owes around 72k and that houses near by have been selling in the 50s....although when I did a quick zillow search on my phone I saw similar houses listed in the 70s so I was a little confused why he thought he could short sell it.