Next is many wholesalers will tie up your property for 30-45 days hoping to sell it and will return a day or two before the contract ends saying they need a extension.

To my knowledge typical duplex rentals go in this area between 550-650 a month .

Does anyone know a knowledgeable mortgage loan operator in Houston?

Depending on how long tenants stay, assuming the average of 2-3 years, cost is minimal but every 3-4 tennat turn over may require more extensive upgrading of many items.

If you are ready to drink from the firehose of real estate knowledge you found the right place.

I am not 100% sure of your post but if you asked for an extension on them holding the apartment and said if you can't make it happen I would like to cancel, the most likely scenario is that they were not able to continue holding the property and thus cancelled. 

First of all, I want to give a HUGE thanks to BP for creating this platform to facilitate discussion/knowledge exchange for real estate investment.

It CAN be higher paying than a W-2 job while also giving one the practical experience and knowledge necessary to invest full-time. 

They oftentimes are very familiar with different aspects of Realestate investing and offer valuable knowledge and information.

I have another property that needs extensive rehab and there are a few inherited tenants that would not pass our regulations for screening from what I've gathered so far.