Spoke with 4 people who responded to my yellow letters, which I consider a success in itself just because of the response rate I am getting and it is great practice.One was slightly irritated and wants off the list.2 spoke really poor english and were very hard to even figure out what street the property was on or who I was speaking to....one wants off the list and one wants 20k more than the property will ever be worth.One actually seems motivated and the call went really well......I asked the right questions and got the right answers......I go see the property this weekend.I also listened to 2 podcasts, re-read an article about Dodd-Frank and the SAFE act which made me decide that lease options aren't anything I want to do (or even can do) in Texas.

It is pretty good except for the corner of Home and Jersey Streets which is plagued with dilapidated houses and board ups.  

Only by driving by and seeing changes objectively can you make the call to unload particular properties.Another point is not to have too many SFR on the same street, as you end up competing against yourself if more than one becomes vacant at one time.

haha, kinda like the dog that catches the car he's chasing down the street, huh?

Even a good inspection will not necessarily tell you that the sewer line going to the street will suddenly get clogged... at cost anywhere between $4k-$6k in my area (though running a camera through the line could mitigate that risk).As you get more rentals, the law of averages start working in your favor as long as you always have enough to cover one big expense if it ever happens.

But, not the street name of course.

This spot is right across the street from Texas State University where my daughter goes to school.

There is a short term rental home down the street that always seems to be occupied and is currently booked for the next 3 months.What are the pros and cons of short term vs long term renting?

I decided against it because the street was middlebrook pike and busy.

They turn street smart at a very young age.Thumbs up to all you SUPER MOMS