I'm not looking for a mentor per say more of someone who's doing it consistantly where I can tag along and help to increase my knowledge. 

Texas has some funny cash out rules and this will just scare a lot of banks away from you.I feel that the strongest chance of success here is to find a private person who will lend you the money. 

If looking at just net rental income you should not expect an increase in your tax bill as depreciation will drive you into a loss that will either be:1.

That on top of the escrowed payment of 1 year of property taxes and insurance upfront (which was not disclosed to me, until I got a loan estimate) has also increased the down payment by $7,500.

Is that too much or should I gradually increase overtime.

Funny cause i had 4 numbers for his WIFE because i couldnt find any for him, but he picked up on the first number i dialed.But yeah the thing is.. i feel like a lot of FSBO's want top dollar and when you call and meet up then offer 50k below what they wanted they'll feel like you wasted their time.

There are extra features that will increase the value of the house so the range of ARV's can vary.

Also, you probably want to make a 1-5% increase each year for inflation as well.

In addition to Driving for Dollars, you can increase your mailing for money by working with a list broker to do more Mailing for Money.A lot of people have had a lot of luck mailing to Absentee Owners.

It’s currently half way through a 15 year note from my uncle and the rent has increased $225 a month already in 5 years plus all of the equity sitting in it.