That's the nature of healthcare IT (what I do)!

There are some who do even cheaper & don't charge full months rent as a leasing fee & things of that nature.........Lol good luck with those guys though.

I also do not stain my hard wood floors, but instead I put three coats of polyurethane on natural hard wood.

This is standard procedure.

@Tim Bradley It is better that you are going into the BRRRR strategy with some perspective and experience with having invested before because your expectations will naturally be more realistic.

There is economic development coming through the area so I feel good about natural appreciation.

ThanksGaren The term like-kind refers to the nature or character of the property and not to its grade or quality. 

Hi @Bruce A Plumley,You should carefully read your lease to make sure they followed the correct procedures and timelines that were outlined.

That should cover most of what you need to know.The relevant sections of the law (in Texas) are: Texas Property Code•Chapter 24 (Forcible Entry & Detainer)•Chapter 54 (LL's Lien)•Chapter 91 (General Provisions)•Chapter 92 (Residential Tenancies)•Chapter 93 (Commercial Tenancies)•Chapter 94 (Manufactured Homes)•Chapter 301 (Fair Housing)Texas Rules of Civil Procedure•Rules 509 – 510Most will *not* apply to every case, so don't get intimidated.

It’s okay to go in  at 60% ask or ARV  to get your feet wet, once you intentionally lose a few that number will naturally creep to 70-80% and maybe you find the perfect property and are willing to go in at or above ask.