@ 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?

Regarding tankless, the gas line and main must be able to support these; not all lines can supply gas flow needed for tankless.What kind of efficiency are you looking for?

Martin offered a construction JV on a crowd fund, I would do my own separate due diligence to back up and support his claims before writing the check.

Need to back up and relearn.I just can't support using and teaching improper concepts that contradict basic real estate theory or acceptable terms for the sake of introducing a niche topic just because it might be easier to introduce.But, I understand the dilemma having to relate to guru educated investors which is why I suggested the compromise of simply adding the word "distressed" making it easier for them to grasp the basics as they advance in RE..Distressed properties, distressed sellers, distressed transactions can mean getting a discounted price.

Real income for the bottom 90% has been stagnant for forty years, and has declined since 1999.he only way to keep consumption rising when incomes are stagnant is to boost the borrowing power (i.e. collateral and creditworthiness) of households by inflating asset bubbles that create temporary (i.e. phantom) collateral and by lowering interest rates so the stagnant income can support more debt.This is why the Federal Reserve and the other agencies of the Central State have been reduced to blowing serial assets bubbles: there is no other way to keep a consumption-based economy from imploding.But "prosperity" based on serial asset bubbles and near-zero interest rates is neither real nor sustainable: real prosperity is based on rising real incomes, not debt leveraged on phantom collateral.Read More

Local business is supportive of what we do and our ability to network and truly understand the area we invest in is a big key to our success.I hope that helps....I am a little jealous.

Those friends who support what we are doing we talk with openly.

Even if its bad, fixing it up might be the most profitable alternative.A new build is almost certainly more costly than a rehab, but perhaps the higher ARV supports that.