Make sure all the room measurements are house are accurate.

I discovered it last night and probably read the entire REO section.If I get a Limited or Special Warranty Deed on a bank owned property, will my title insurance be sufficient protection?

This stuff got so bad in Texas that they have placed some serious limitations on what is allowed for lease options and contract for deeds are now a thing of the past.Good LuckRick

If not just compose one based on your observations and hope that the former tenant accedes to it, some will, some won't.I used to have a room-by-room checklist which noted some of the following:Condition of walls and paintCondition of carpetCondition of doors and doorknobsCondition of ceilingCondition of light fixture and the bulb worksCondition of toilet, sink and tub in bathsCondition of stove, oven sink, garbage disposal and dishwasher in kitchenCondition of grass and shrubs.On the move out version I had a list of amounts that I was deducting, including but not limited to:Missing door stop (the move in one showed that there was one for EVERY door) $5.00Hole in wall from doorknob going through it (somehow in my 60 years on earth I've never destroyed a door stop or knocked a doorknob through a wall, but it's not hard to tenants) $75.Pooper scooping the yard $5.00 per pile.

Any creative ways to get around this limitation?

Since recent development in Amarillo has been limited to commercial and single family housing, it is unlikely that there is enough local experience to be progressive enough to really see the big picture.Absolutely for a beginner investor, be safe, search markets with less emerging competition.

noobdog - I just filed the trade name at my local town hall so it was legal for me to call myself that.If I'm an LLC all I really do is limit my liabilty.

Answer the phone, forward calls and give information contained only on the listing agreement as limited by the broker;2.

I know that I want to buy and hold, I want to rent out a duplex/fourplex, (flipping seems like a bad idea right now for a newbie) :crying: but my options are limited due to not having any money to start.

the thing is im in college and i dont have a car on campus so my ability to get around is very limited