Our coop buys water at $7/1000 gallons from next city, but is supposedly opening their own water supply in Sept. for about $2.10/1000 gallons.

Actually I just estimated rent, expenses, called my insurance agent for an approximate price, and looked up taxes at the appraisal office.

She would find the new officers being sent to Killeen and have a brand new home built for them.

Focus on finding more than a few reliable reo agents, and other direct sources to supply you with properties.

The total cost of ownership per year would be the business license which is $250 and the annual list of officers which is $125 plus a registered agent fee since you don't live in the state which runs roughly $100 a yr as well.

When I first walked into my bosses office, I felt like I was confessing to a murder!

You can also remove officers and directors from an HOA, with some tactics naming them for removal.

Guess I could tell you, it's 2 months, 12 days, 16 hours and 42 mintues to cash my check......lol, that doesn't tell you anything really and to say "average" that's a moving target as it depends on so many factors, your market supply and demand, interest rates, scope of projects, time of year, weather, who you know and their ability to buy.

:)A couple years ago when cash buyers were in short supply, cash offers warranted significant discounts.

If not with increased management fee you are looking closer to 60% to 65% cost and not 50% annually.Tenants not directly billed bu the water authority use about 30 to 35% more water monthly and do not report water leaks.If the tenants are not paying then you will have months of lost rent,damage to the units,and reconditioning costs.You need to pay close attention to the EXISTING tenant base going in.Run your own checks on them.The existing landlord might have just filled the building up to dump off crap tenants on someone else.The fact that this property has changed hands so frequently leads me to believe it has serious problems.People get think they get a deal and then want to jump off the burning ship quick before going down.Check title history chain and see if you can locate previous owners,their attorney etc. on documents.You can also look up if a previous corp bought it and the controlling officers.