This is what the buyer said.1: We agree to sign a deed in lieu at closing.

It would be great if you can share or make an intro to anyone that knows these markets.I haven't looked at College Station yet.

How we purchased our property: Combination of Savings, Personal Loan with interest from a family member (4% interest) and a cash loan from Wells at about 8%.

The impact of job growth in the market is something I always look at because of this 1 job is not just one job.

I am now under the suspicion that their friend, the one who is still living at the property, is the one who created separate accounts for all three of them and did the signing for each individual who is under this lease agreement. 

I would recommend considering conventional financing until you reach Fannie Mae's limit of 10 properties, then consider either a portfolio loan, and start your race to 10 again, or look at DSCR at that time. 

Most lenders are capped at 75% LTV on a cash out refinance, so something to think about while you do the math.

Welcome to the community and be ready for a huge amount of information at your finger tips.

I believe it started at $700/mo in the good old days of the recession and is now up to $1000 (undervalue about $150 for that area).

We look at things like safety, unemployment, schools.