A totally vacant property is usually MUCH HARDER to turn around than a property that is semi-performing.I consider vacant property to be almost like commercial development in that you are overhauling a site and property loaded with risk and long time periods before cash flowing.In the end you can do well but also lose your shirt.With the 16 unit I would take it a step further in your analysis.If 900 to 1100 is the going rent make sure it is accurate.For instance do your competitors have laundry in the room,pools on site,basketball courts,next to work commute,restaurants,etc.

The entire community has the sameclubhouse,gym room, swimming pool and couple of tennis courts.

It just seems to happen more with illegals because just crossing over they pool resources and don't know residential codes and laws (or don't care - as I would argue since they've already broken many already.

However, an experienced agent with a large pool of buyers and aggressively markets the property is probably going to get your home sold more quickly and for more money.Supply & demand seem to indicate that the more buyers your property is exposed to the more quickly it will sell & the more money it should sell for.

RichPS Is today one of those 300 sunny days.

Third, is the investor pool.

If the tenant/applicant pool in the area was of low quality I would jump to take a qualified person with a reasonably well-behaved pet any day over non pet owners with "issues."

hate to give this place up because it's a one of a kind property in a very desirable area and I'm thinking it could do well as a VRBO.In a nutshell, it's a 4 Bed, 3 Bath home on a little over 2 acres with:Indoor Pool and Spa with Retractable Roof.Separate but connected Diner / Malt Shop with Fridge, TV and Stereo.Huge Game Room off said Diner.The Game Room is actually a oversize 4 car garage, but it's fully finished, fully insulated, has it's own central heat and air and a full bathroom.Prior owner used this portion of the garages as a showroom for his car collection, we use it as a huge Gameroom.This gameroom has a 65" HD TV, Stereo system, Regulation Pool Table, Professional Quality Fooseball Table, Professional Quality Ping Pong Table and a low end Air Hockey table in it.House also has a 3 car attached garage and 4 more garage bays in addition to the 4 bay garage area we use as a gameroom.There is also a horse barn on the property, but we use that just for storage.Home is near major highways, major shopping, dining, entertainment etc. in the city of Lucas which is North of Dallas.I've seen VRBO homes in Allen that are in the mid to upper 100's per night that look like they are doing fine - I'm basing that on pulling up their calendar and seeing the days they have booked into the future.

Have two vacancies right now - one a 1 bedroom condo and one a 4 bedroom SFH- very different tenant pool.

On the one hand, you want to be able to widen your pool of buyers for great deals, as per the article.