You can learn here how to use it - https://eforms.com/rental/tx/texas-association-of-...I would be more worried for #34-G - if you are not a realtor or at least one party represented by a realtor, the lease contract is voidable at will by the tenant:"Copyright: If an active REALTOR® member of the Texas Association of REALTORS® does not negotiate this lease as a party or for one of the parties, with or without assistance by an active member of the State Bar of Texas, this lease is voidable at will by Tenant."

Management, vacancy and repair expenses are, sadly, not optional.

That small spread of 350 that doesnt include calculations for repairs and such is very unlikely to keep you above water.

If not, I have a couple of agents I can reach out to on your behalf to see if they could assist with the process.

My ad says, “Full market value minus repairs.”

Purchase price: $230,000 Cash invested: $15,000 230k Purchase PriceFHA 3.5% 8,500 + Closing costs 3,000, + 3,500 in repairs, upgrades.Currently Renting each room for 500.

No mention of this in the auction listing.Another had a split foundation--splitting in half by several inches, front to back, repaired with foam. 

Turns out she had it listed with a realtor for 6 months, realtor inflated the price to get there commission (which happens a lot) , she just ended the contract and was about to rent it anyway so when I said why dont you rent it to someone that will take care of the day to day repairs then buy it?

There are many scenarios why not ask your lender broker for down payment gift assistance.

I have a good understanding of everything except for the following; ARV, repair costs, and fixed costs.