I wouldn't be shocked if some of it was a lie.

literally since July I have put in 8 offers, and have been out bid by cash buyers on 6 of those and the other 2 got beat out by conventional buyers. these properties were only on market on a average of 3 days before going " pending " no lie!

@Carmel DuffyI’m more concerned about this tenant saying that he was just kidding and lying to you.

Block chain technology itself may have some good uses, but BTC is just a currency.

:) You start with $20k in your example, minus some other costs mentioned by others that you did not include: closing costs, holding costs, funding costs etc.Then you subtract all your business overhead costs: marketing, education, driving, technology etc.You pay taxes on what is left, if anything.

- Make technology/social media your servant not your master.A quote from that book that I loved is "The reason for working so efficiently is so that you can enjoy a higher quality of life at home with your fmaily."

Market price is the price people are WILLING to pay for it. if the property is only worth $30k per unit based on NOI  but you have foreigners paying $100k per unit it is truly up to you if you are willing to compete and take a lower ROI. there in lies the rub.. 

Located at Highway 45 and MoPac Expressway and one mile west of I-35, future development will benefit with great access to not only Austin’s metropolitan statistical areas (MSA), but the rest of the state.The city of Austin has evolved into a major employment and technology hub over the past decade, being ranked as a #1 rising city for startups and tech salaries and undergoing population growth increases of 30%.

Then find a great tenant.Screening:Credit and criminal report www.tenanttracker.com Talk to two previous landlords (yes, two) the present landlord may lie to get rid of a bad tenantVerify 3 times rent income and likelihood of continued employmentGood luck!

Outside of some minor plaster work that needs to be done on the upstairs and the original windows needing some love (or replacement) it's a great place.My question lies with the windows...