Is this basically a no-go for most rehabbers or is it something that you would consider if the price is right? I don't know the extent of the mold yet, but has anyone here had to deal with removal of mold, and if so ...

It was also an easy read.

Not as easy...people are keeping $$$ close to the vest.

Josh,A bit of a tangent but in the spirit of networking like you encourage.When someone is new and they list a location in the subject they are easy to find.How does a new person (or someone who is not new to BP) search for people in a specific location?

It is easy to get a range price without seeing the property.

In the interest of fair play, here are a couple of companies that offer online rent collection services, one of which is mine, but you should pick the one that best fits your goals: ClearNow -- just electronic checks, but simple and easy to set up RentingYourHome.com -- electronic checks, AMEX, VISA, MC, PayPal, has more features Payment Services Network (PSN) -- excellent product, but complex for a small landlord to set up; must be underwritten during process PayRent -- electronic check, AMEX, VISA, MC, PaypalIt's better for you the landlord to accept credit cards b/c you never deal with default (VISA chases bounced checks, not you), and they fund faster than checks.

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They prey on those ill informed beginners trying to make it sound like its easy, guaranteed etc.

I've read that too, but I've never seen any evidence to back it up.

If the job market here stays strong over the next two to three years Austin/suburbs should finally see some decent appreciation.Some of the neighborhoods I "fish" in have seen quite a few sales to Californians so while 1/3 may be strong there is definitely some evidence that the speculators have arrived.