I have been doing a lot of reading here and also received some priceless support and teachings from a friend in NC.

Wow, thank you for all the support guys.

I appreciate the support.

We can introduce you to the REIA that supports the area if you are interested.Take care.

Whether it is stocks, bonds, mutual funds, etfs, currency exchanges, precious metals and stones,commodities or real estate you make better long term decisions when you have that rock solid foundation to support you and your family.Lo those many years ago when I first started, my first wife was not on board.

This is why I love BP - the support and quick response.I've done some very quick, preliminary research and learned the property is owned by the local power company.

Investors are not newbies to the world on finance, they already know the trials that are required, I'd not go through the brain damage either nor spend time on digging up supporting documents, I'd call my broker, attorney and CPA, that's what they get paid to do, they are all on retainer or provide such verifications as a service without charge.

@ Patrick Connell the servicemember, while in military service, executes the lease and thereafter receives military orders for a permanent change of station or to deploy with a military unit, or as an individual in support of a military operation, for a period of not less than 90 days.http://www.law.cornell.edu/uscode/html/uscode50a/usc_sec_50a_00000535----000-.html

A lot of this may depend on your liquid position, ability to access data for the markets you're seeking to invest in, and the type of support you can have in any particular market.I can tell you TX is old faithful and you can get into deals with less out of pocket, but there is high competition and your margins may be lower than say GA.

I have a 3 bed 2 bath under contract in Abilene and the current debate is buy and hold or flip.Here are the deal details:Purchase: 64,900Repairs: 16,811Holding Costs during Repair: 2,500ARV: 110,000 - conservative numbers as comps from realtor showed support for 120,000Property Taxes - 2,090 a year and home insurance is roughly 750 a yearEstimated Rent: 1,050 per monthFinancing: 80% of purchase price at 5%, 20% down, repairs come out of my pocket and HELOC at 6% if neededSo what do you think?