Most of our Members are baffled, typically saying: "How could they allow one of THEIR Tenants to be even ONE month behind?"

These properties typically turn over once a year as they are mostly student rentals. 

If this is the case then typically you only have to comply when you make alterations.2.

For example, a buyer putting 20% down on a $500k home would pay around $500k in interest over the 30-year life of a typical mortgage at a rate around 6.5%.

If you have any questions feel free to send me a message and I'd be more than happy to help you get connected with some of these other essential people as well. 

. $50/mon cashflow is essentially breaking even and even with the $125/mon you're not cashflowing enough to justify the risk, i don't think.

.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.

We typically do 4-5 years interest only while paying down the principle balances over time.

The profile of the typical Houston traveler is someone coming in for work.

Condo's are usually on the cheaper end of cost for appraisal reports, typically not $750 (but if it's a high end condo or in an area with there's some complexity, the fee can reflect that).