I can always go back to a day job, but the market is hot and investing in myself now just seemed like the right thing to do.

We ended up spending about 20k for the new roof, furnace, hot water heater, electric service, second floor everything, paint, retaining wall (more on that in another post), plumbing, stove, and I think that's it.

I live in Hot Springs, Arkansas, moved here 2 years ago from WA.

@Zack Rod county recorder's offices don't index by address, they index by grantor and grantee names.

@John Horner I wouldn't text any hot lead anyways.

That is a pretty deep discount, especially in a hot market like Dallas where you are using conventional financing and there are people with cash who could fund this deal and make it work in their favor. $600K is an awful lot of money for a new investor.

The motivation on the seller part is there - I'd rate this as a warm on a scale of cold/warm/hot. 

It is an average across large apartment complexes across the country and many use it as a starting point, a sniff test, for how solid a deal is.CAPEX is Capital Expenditures, your major repairs... things like the roof, HAV, hot water heater, appliances, etc. 

Does anyone know what states are Hot now in forclosures?

When you invest in abandoned properties you can get a smokin’ hot deal, or find yourself getting smoked.