We told people that they should make up the minds quick with so many people interested.Afterwards we figured we maybe underpriced a bit but got it rented.

Make sure any lease agreement you use complies with Arizona's landlord-tenant laws, including required disclosures (like bed bug information, for example).If you're unsure, consulting with a local real estate attorney to review the agreement can provide peace of mind and ensure you're fully protected.

There is no greater wealth than peace of mind - Buddha -I hear you and exited for the same reasons. 

I'm trying to start off with something closer to Houston as my first property, but will keep College station in mind for the future. 

In my mind if you need to borrow money for these kinds of services your simply under capitalized and taking on long term financial risk. 

Down PaymentSaving for your down payment is likely top of mind.

$120,000/0.06 equals $2,000,000.So in my mind the target should NOT be cash flow but rather building net worth.Despite what the gurus say, sufficient cash flow to be financially free can only come once one has sufficient capital to invest.Let’s be clear I only buy apartment propeties that cash flow but immediate cash flow to put spendable dollars in my pocket is NOT the primary goal.

Just to name a few: Borrower's Experience FICO Loan Amount Loan Type being sought: Perm (30 yr ams), Bridge (12-36mo I/O), Rehab (12-36mo I/O), Ground Up (12-60mo I/O) Property Type (1-4 unit, 5+ MF, Warehouse/industrial, Hospitality etc)If you have a specific deal in mind, then you can have a lender (or broker) look at it and give you a better idea.

With that in mind, you'd also have to make sure the land you'd buy has water and electric running to it already.

I'm looking into cities of central AR (LR, NLR, Benton/Bryant) Hot Springs area, and NW AR (Fayetteville, Rogers, Bentonville).If you don't mind me asking, what is it you like to offer new investors?