Then she explained that because she works so much, she was taking things slowly and didn't realize I wanted to move so fast.

If they move out after 10 years, you will have a had time explaining to a judge that a replacement is beyond normal wear and tear, assuming the tenants would haul you into small claims court.

If it made it more murky, perhaps someone can explain it in a different way...ha.All the best in your claims process!

Here is what I have projected Land cost$280,000Down payment 100k, at 5.25/ 15 yearsVacancy 10% Repairs10%Capex2%PMN/A (will explain)General Liability Insurance$800/yearProp taxes 1.4% (land only)Misc cost $160/moSo factoring in any capex and repair is me being conservative, as I explained I am responsible for very little but do have options down the road to clean the place up, maybe even buyout some of the homes to make the land overall more attractive and more profitable.

I probably did not explain well, if I figure an easier way to explain, I will update later.

Mark Allen In 5-10 years I will look t going that would you mind explaining more on how that process works?

I'm fine if the wholesale deals they get in Katy are few and far between since we have several other productive marketing avenues, but I'd like to find a few reputable wholesalers to work with and get tossed on their lists for homes that meet my criteria.The whole meet and greet in person thing to explain the process annoys me because it means driving into Houston to hear something they could tell me over the phone, but if that's what I have to do, I will.

. - Thanks for your thoughts but can you please explain....

Just make sure you explain your plan to a lender and they will tell you what rules they have.

It doesn't explain how they would handle existing properties that are being depreciated.