We went with a 50 year old disabled man on SSD, we wanted to take a shot at a long term tenant.

Still seeing properties in this zip code for sale at 50k to 100k routinely.  

For some quick facts:- $300k in hand-current home purchased for $280k in Houston,Tx-zero property tax owed due to veteran disability -we pay mother in laws rent - $1000 a month- WANTING TO BE FI / FR!!!!!

Without the ability to routinely check in on the progress and quality of work, you risk running into issues with inflated costs, missed deadlines, or subpar workmanship.However, don't let this deter you from pursuing BRRRR as a strategy.

Small parcel land brokers routinely have 10% commission in markets I play, and I can easily see where hard to market standalone mobile homes would fetch a commission pemium.

The tax guys will chime in, but if it is just routine maintenance and repairs, you should be able to expense that in the year...

There's a meeting group out of Tyler that routinely meets in Lindale but I've been unable to make one to date.

A recent case went to the Washington Supreme Court where a learning disabled young adult was behind on taxes but not even going to foreclosure yet.

. $500/month expenses - Taxes, insurance, landlord paid utilities, management fees, routine maintenance costs (pest control, snow shoveling, etc), apartment turnover costs (locks, cleaning, paint, repairs, vacancy, etc), saving for capital expenses (roof, windows, furnace, applianes, etc)

Until recently, I’ve been inconsistently looking at deals and learning about real estate until I listened to Podcast 157 with Hal Elrod a couple of weeks ago and have found his morning routine to be really energizing.