The wholesaling market is very saturated in every market of at least 50k pop, so you have to work hard to make good money. 

You should check with a good CPA to make sure.

As long as you own the property there shouldn't be any impact tax-wise.If you need further guidance after reading the post I would recommend doing a short consult with a real estate "savvy" accountant.

Mohammad,Without knowing the taxes and insurance it seems like a good deal on paper.

Debt and Long-Term Strategy: Old House, Nearly Paid Off: By keeping the older property and paying it off within a few years, you could use the increased cash flow to either fund repairs or reinvest in more properties.

A property manager who is honest and transparent about both the good and the bad situations that arise can help build long-term trust and avoid unpleasant surprises.2.

I know i have a long road ahead of me to able to achieve this goal, but I'm very motivated to make it happen.

I have been trying to find a good program to join I also live in Dallas and looking to get involved!

As long as they are going to occupy one of the units, you can get a very low money down option for loan if you are co-signing.I have a 22 and 21 year old so I understand this.

Good afternoon,I am renting out my first property and it seems like it is important for me to require renters insurance from the tenant.What would you say to a tenant as to why having renters insurance is a benefit to them?