One is down the street and has been on the market forever (OK, all winter).

I have just aquired a property across the street from 2 large organizations that have people coming for short term work, projects, and visitations.

Nate, I don't know the neighborhood, but it looks OK on Google street view.

A 1980 2/1 could sell for 3k in one park, and 6k in another right across the street.

Have the name of the LLC that you want to form as the singatory to the contract (make sure it is available first - and address LLC will usually be - 123 Main Street, LLC) or have the right to assign it.

His idea was to look for mortgages securing 3 bd, 2ba SFR's on tree-lined streets in good areas near us, etc.

For instance, knowing where the load-bearing walls are, knowing what types of tenants the property will attract, knowing the routing of plumbing & condition of the sewer main, knowing how noisy the street is, knowing that the house has a serious settling issue or water diversion problem, and--importantly--knowing how the property could be changed to force appreciation/rent.

I said, "If I were you, I would move your car to the street before the tow truck arrives".

The inevitable WALL STREET GREED will be back and “in general” the Real Estate “market” will move much, much, higher.

North Dallas is generally a much nicer area,,but in those areas you won't find $100k houses.I have never looked at properties in Grand Prairie, but the areas I am familiar with are good blue collar areas that may be good for rentals.The difference of being two streets over and being in a different school district, or even a different school within a district, can make a large difference in how easy they are to rent and how easy to sell.In areas like these the difference between knowing the area and not knowing the area can be the difference between a 'great deal' and a 'sucker deal'.