i agree with Wes on the lease option side where they get an option to purchase the house at a fixed price for the term of the tenancy. 

A few challenges I facednot being able to buy the first building until I could afford the mortgage without the incoming rentbreaking even on my first building for almost a full yearlearning how to deal with problem tenantsevictionsfinding contractorsnot being able to buy my second building until I had enough in reserves for all the bills for 3 monthsnot being able to house hack my third building (my favorite) agreeing to buy the third building, having JUST enough for the 25% down, closing costs, etc and then at the same exact time getting a $25k tax bill from the previous year.

I agree with you, he should be on this forum asking questions and providing accurate info about his situation, without knowing all facts we can't give accurate recommendation. 

The property should be made back to what it was when you agreed to rent it.Also, as safety issue, it could be a lead, asbestos or even a mold/dust issue.

All three had positive net migration numbers (Houston had negative net migration because of the hurricane/flooding in 2017).Lastly, a lot are saying that Houston markets are already over saturated with investors,  the property prices are too high,  etc.Since I am trying to narrow my market search in investing in a 2-4 unit property would you guys agree that I should eliminate the Houston markets above and focus on Norman OK, Winter Garden Fl, and Boerne TX?

Eddie and I have discussed and agreed to partnering up to BRRRR the place if we can.

Hi @Daniel Soovajian,I agree with your assessment of the deal. 

You can also represent both in dual agency as long as both parties agree with that and you have disclosed your representations correctly in writing to all parties.If you already approached the seller, as a licensed real estate broker in NC you are required to provide them with the Working with a real estate agent brochure so they understand the process and the representation.It sounds like that you have already negotiated something with the seller and potentially learned personal / financial information about the seller.

I do agree it sounds like a scam especially if they use the words "too good to be true" but what's the harm in seeing if they are legit like some of the people have mentioned on this thread?

Auto transfer gas&electric into the owner name might have really big bills, besides you don't have to turn gas on in summer.Same with water: if you don't bill tenants for using water - make sure that the owner agrees.