Well, it has been a crazy ride - but I run a Real Estate Holding Investment Company called GreyHill Capital Holdings and we buy residential multi-families throughout the upstate area.Our goal is to enter a town with potential, buy as many solid properties as we can and make it our main priority to always give our investors the highest returns possible.

I bought a mold respirator mask and went to town. 

Your cash flow is actually significantly higher in the HML's 9% loan than your 6% amortized rental loan (over 10 years which is very aggressive).When you refinance, lets assume about the same closing costs (except taxes and HOI, since HOI will probably be escrowed and built into your payment).

Think about that in two years when you replace the particle wood piece of crap you put in there - lol.I would also suggest quality-built kitchen cabinets for rentals, for the same reason (not sure what yours are).As indestructible as possible is usually the best investment for long-hold rentals, IMO.I chuckled at the 2 am bandit sign comment, are they illegal in your area?

I would prefer growing areas, homes built after 1980, $120,00-$200,000, roi above 25%

And boy, these topics would of been extremely helpful last year when I bought my first triplex in a great part of town.

Hey Josh, thanks for the info, I have been looking at some college towns so I think I would be ok with vacancys, If any BP members are investing in college towns, please share. 

If the septic was designed for a 1bed/1bath, 800sq.ft. home that now has an additional 800sq.ft. built on, you could still limit occupancy to two people because the septic can't handle more than that.In my previous example, I had two brothers, a friend, and six children.

I’m not sure what it’s like for you in your area of Texas, but Portland, OR is a boom town right now.

I'm Justin Marshall, I live in south east Texas in a small town of Mont Belvieu!