I think he mentioned he had a couple multis that were not performing as well as anticipated.

Just be prepared for the work, it will be more than you initially anticipate.

I went to Texas A&M and currently have my RE license back in Texas.After years of anticipation, I am FINALLY financially close to making the dive into investment properties back in Texas. :) With that being said, I would like to reach out to local investors as well to learn the dos and donts and how to be successful both with rentals and flips.

Big Picture - replace income, her language says "if we want to do that we need to replace $XXXX a month and we would anticipate XX-XX number of SFH to accomplish that").

Sure it has some things going for it but it also has some big city problems (notably drugs and gangs) that most don't anticipate in a community if it's size.

Do we accept putting additional cash into our first deal or do we keep our eyes open for another deal.Original Offer:Price: 153k ($31k into the deal)Anticipated rent: $2,000k/monthOperating expenses: $9.4k / year (includes management, cap ex, vacancy, taxes, insurance, etc.)Cashflow: $4.2k / yearCash on Cash return: 13.68%The appraisal came in at 146k and they raised some very valid points on why the property was not worth 153.  

Similar results can be anticipated if you "squat" in a parking space that is not yours.Renting a parking space is a commercial lease and would fall outside residential tenancy law.  

Be sure your numbers are calculated well, and base the anticipated value off of performance CAP rate, and you should be fine.

@Eddie Salisbury@Russell BrazilEddie, please see my comments above you.I really hope everyone who is accusing me of being shady would just understand that I'm anticipating conflicts of interest and I want to talk to Brokers before joining a Brokerage to see how best to handle a situation can possible happen.I AM NOT A SALESPERSON YET.

Thank you all in anticipation for your feedback!