Currently, I lease one of the three units to someone who keeps it clean.

I recognize that the CoC return is not as high as we'd like, but it does come with some built in equity (~$100,000)Details:- 3/2 Single family house (1487 sq ft) with a 1/1 ADU out back- Zipcode 78745- Purchase price: $469,900- Down payment: $50,000 plus CC (includes assignment fee)- Seller Finance $419,900 at 3.5% interest; 30 year amortization with a 15 year balloon- PITI $2744.02- Rental comps: $2667 for the 3/2; $1505 for the 1/1 - LTR according to BP (Total $4172)- Repairs needed - minimal, coat of paint and maybe swapping a window unit A/C for a mini split

Interestingly enough, there has been a LOT of thinking, but not a lot of do-ing.

If done correctly, it sounds great!

I followed BP for a while and decided it was time for me to jump in this forum.

It sounds like you're on the right track with Freeport!

It's been a great area to invest in with tons of upside. 

Please do me a favor and keep your negative thoughts to yourself. 

Starting a real estate business anywhere comes with its challenges, and Texas is no exception.

Hi there,When you're dealing with a 7-unit multifamily property that has been deconverted into 7 condos, each with its own PIN, the financing options can be a bit tricky.