We Specialize in Conversions and Ground up Builds with fully Prefabricated Off Site Construction How did you find this deal and how did you negotiate it?

The rent to price ratio's look really good for Texas (as well as compared to national levels) and my models cashflow at 20% down if the rate is at 5% or lower, really at the current rates its more breakeven but there Refi potential over the coming years and there is appreciation upside in my opinion with the new Tom Thumb, HEB, and Target breaking ground this year making Forney a more classic style suburb.

RLS advocates a lot of estate planning, depending on what type of investments you have, you may need boots on the ground to review leases, evict tenants, review financing etc.

Shameless plug: I just started a consulting business for the exact purpose of helping new investors get off the ground here in Buffalo.

Back in the day when I sold rural ranch lands pre google earth you needed to be able to read and understand USGS quad maps and a compass and understand from certain points on the ground you had compass declination's just like when your flying. 

In either location, if you are not boots on the ground, you absolutely need a realtor who has STR experience and ideally properties themselves.

Garages are often cheaper to convert to ADUs than ground up construction, but not cheap enough to obtain a profit worth the effort.  

It could be he is lodged and charged after which you can take possession based on abandonment/non-payment.It's always a good idea to use an attorney but if you spend the time, read the laws it's a pretty straight forward process to evict on the grounds you stated.  

You didn't meet the income requirements, you didn't meet my credit score minimum, your back ground check did not meet my standards. 

But the red tape and the inability to scale due to the way mobiles are purchased and then not having boots on the ground where I was targeting were just too many obstacles to overcome in terms of risk.But the numbers were there.