The depreciation would be negligible on a $35K purchase price since the depreciable basis would be $35K less the land value ratio, so probably in the $20K-$30K range on the basis.

Some investors take the approach to buy properties based on rent income in the bottom 50% of the market range.

So I am thinking about going the FHA route, since being single with a not so awesome salary it would take me a few years for a 20% house down payment.I'd be open to buying a duplex (but theyre mostly out of my price range) or something big enough to "house hack" and get help paying the mortgage.

It has been often suggested here and elsewhere to pursue something that keeps a toe in the water of the working world, as it limits the downside risks, and could turn into a fruitful enterprise for post-retirement.At the request of a friend and BP associate, I've been asked to provide expert opinion and electrical analysis on residential properties that are either on the market, or recently sold through his brokerage, as there are many customers who want a deeper look at their electrical system, deeper than what a typical home inspector will do, but they are not ready to ask a contractor to come out and simply give a blank check to 'fix whatever's wrong' (famous last words).

Seeking off market discounted properties in Houston Texas that have not been flooded. 3/2 or 4/2 brick construction price range for 50k to 200k with an accurate arv.

I was shown two water tanks that were installed in outside sheds (with no insulation), with just a little electric heater running to keep it barely from freezing. 

Can anyone give me a ball park range for what those costs might be in winter?

I know of forest bluff and Austin colony developments by DR Horton in Austin that will give me that kind of rent, but since I have already bought one in Austin I don’t want to put too many eggs in one basket.I liked one new townhome construction by DR Horton in Durham within my price range but are not offering the phase 1 to investors.

Thank you Caleb, listed at $120K and it’s in good range with market, is it better to have more option money than earnest money?

Dave Ramsey and real estate investor are usually like oil and water.