What is hapening in the neighborhood, is it getting better, worse, or staying the same?

.- 3,1 - 986 sq ft - Built in 1940 - Rougher Side of Houston, but NOT a warzone, in fact this street is more of an elderly neighborhood, This house is close to MANY of Houston's attractions (downtown, reliant stadium, minute maid park, the Toyota center, Texas medical center, museum district, and about 4 Universities)After my due diligence we came up with the following numbers.- ARV = $82,500 (which was conservative, recent comps for smaller houses came back slightly higher)- Repairs needed = Around $10,000 for rental - (Needs central air, some rotten board on the outside, some doors/sheetrock repair, and painting)We wanted to try to start out with a $10,000 assignment fee to split between us and work our way down depending on what they would take as an offer.

When you go doorknocking are you knocking on every door in the neighborhood you've targeted?

We saw how to fix it, where to buy materials, permits, security, listing, getting "Section 8" tenants (in some neighborhood) etc etc etc it was a ton of stuff.

After a few weeks hanging around here and driving the various neighborhoods you'll start to understand why.

I am fairly new to Real Estate but no stranger to cashflow, crunching numbers (spreadsheet whore), and observing markets - Derivatives background.Honestly speaking, it took me a while to find a forum as good as this one so kudos to all involved.My interest in real estate is cash flow (buy and hold) and architectural style, which brings me to almost any brick building (federal style, art deco, chicago etc...) and heavy use of wood trim.

Every time I'd crunch numbers in either of those places on the cheap, low rent places, the taxes would put me in the negative.So lately I've been looking in KC (other areas of Missouri as well), Albuquerque, and Little Rock.We decided just the other day that it might be best to actually take a road trip through some of the places we're interested in so we can have some pictures of certain neighborhoods to go with the searches.

Get to know the idiosyncrasies of the neighborhood.

Do a small run with a certain style of post card then do another with another kind and measure the difference.

Agent charges when you buy are paid by the seller, so don't really affect the price.So, I'd say if you FSBO is, pay some concessions and use conventional financing, you might get away with paying $105K for it and still get about a $15K profit.Are houses actually selling in the neighborhood?