Everything is digitized here and made public. 

My take on the area is that it is great for buy-and-hold (although you absolutely do want to be particular about the area) and a nice inflation-resistant asset that can actually cash flow unlike what I hear from Austin.

I would use the 1% rule only for  "A" assets.

A "Hard" Money Loan is based on the "Hard" asset (the property) more so than the borrower. 

I just read a blog post about offering in a Freddie Mac REO, and it said asset manager wouldn’t consider an offer less than 12% off.

So then I get a call from an electrical contractor stating that the unit next door is having some issues with their power and they have located that the problem is under my deck, and they will need to remove boards, dig it up, and do a repair.However, a couple of small twists in the story make me nervous.One is that apparently the homeowners are responsible for the maintenance of the power line from from the transformer, so it’s not the association with deeper pockets who is on the hook, its the nieghbor .

One of our originators wrote an article about this a few weeks back on this exact topic. https://www.corevestfinance.com/commercially-structured-loans-for-real-estate-investors/"To reset this limit, blanket mortgages wrap all of an investor’s residential assets into one commercial loan that will be held in an LLC vs. 10 or more different residential loans – thereby wiping the 10-count from their personal credit report and setting it back to zero.

If for liability shielding from personal assets, then they need to work with lenders who will do LLC loans.

So, yea I don't actually have a cash flowing property yet, but I have zero doubt that this will be great asset when the work is complete and a tenant is in place. 

With a background in digital marketing, branding, and technology I am currently serving the a co-founder & COO to an event based social platform.