as far as investors are concerned.

I noticed that (re: low end & cash flow) on paper, too, although the concern there is A. problem tenants and B. resale down the line and lastly C. the seller usually overstates income/understates expenses so upon diligent research, I've found that the cash flow often is minimal or disappears altogether--and the repairs necessary (usually involving heating & insulation, since all the low ends I've looked at include H&HW) to make the property flow are quite high.

Our main concern is rehabbing a house long distance with a contractor.

What books did everyone read that helped them to get started? Any specific titles or authors?

That could be $0, it could be a few thousand (I'd sell if I had to carry the thing for more than 4 months..)My other concern is that keeping this as a rental forces me to buy the new house with an 80/20.

Ryan is exactly right as far as Texas is concerned.

The legal aspect is my biggest concern...Thanks,

Hi, I have a few questions as far as buying Real Estate are concerned:1.

Caveat: Going the HELOC approach makes sense if you are borrowing money from yourself on the short term; if you intend to rent and refinance, my concerns are moot.

As far as property management is concerned that's something I'll take care of myself.