One of the big risks that upon have is that if a probate is opened, your ability to control the deal will be reduced, perhaps radically if a court order confirming sale is required.

I wouldn't be too excited to put my house under contract with someone who admits they don't have the ability to close.

Just because we are planning to move there, and if we took over the space we would want to like it, or at least have the ability to make it great.

As far as real estate goes, I really want the ability to do it all...rehabing, single and multi family rental properties, and developing small communities in emerging cities.

From my own experience, I've had a progression that changed as my personal reserves and risk tolerance ability changed.

Ranches and rural properties are VASTLY overpriced, especially ones without any water rights, due to the ability to grow large amounts of marijuana to pay the mortgage.

Given that 5+ unit complexes puts you in the commercial real estate realm, you know will be dealing with seasoned investors that rely on the numbers to value property vs. comps.I think by buying turnkey properties, it really limits your ability to find smoking deals.It’s not impossible, but certainly much more difficult.However, you may be able to find a turnkey property that has poor management (unlikely) and force appreciation by improving on that fact without doing much else.

I used to live in Irving before I moved to Frisco :) Yeah, getting the license just made sense with the MLS access, ability to run comps etc etc especially looking back at the cookie cutter approach that the realtors I worked with had when I bought my house.

One other hair raiser about this guy to me was the fact that he was moving from a $450.00 rental too my $300.00 rental and said he could not afford the $40.00 transfer fee nor to have the financial ability for at least two weeks.

On the positive end, house prices are far less expensive in most areas, the availability of homes below market value is excellent and the ability to both use rental income to pay down the loan on the property and make monthly income at the same time is there.