In January, I moved to Dallas to work in Plano.

Of the 3 homes contracted, I plan to rehab one of them (high-end home near country club), wholesale another (deeply bought Plano home), and list one as-is (great condition).Spring is here and I am expecting to buy 10+ homes over the next couple of months.

It keeps growing even in a bad economy.See your in Plano Texas. 

I can’t speak for Dallas it’s self as I rarely get down there but it isn’t hard to do in the Frisco/Plano area.

Most of the people who have ever inquired about that with me were looking in North Dallas area...like Plano, Carrollton, Coppell, Southlake.The other people you would want to go after is builders.....Now when it take 6-8-12 months to build, people may need shorter term housing.One thing to remember is turnover and vacancy costs you money...so when you think about 4 x turnover and vacancy a year, your rent has to be much higher to account for this. 

Dallas,TX area which include surrounding cities such as Carrollton, Plano, Addison etc.

I don't have enough down payment to afford a high quality commercial property, and I am afraid of sinking too much money into a low quality one.The last loan will close with First Bank of Plano.

Plano and Frisco are better rental markets but it's a lot more expensive due to the high demand.

This site has kept me from jumping in head first and making some potentially huge rookie mistakes.I'm looking to purchase my first rental property and trying to figure out the best financing option for my situation, so I'm looking for some input from others that have more experience than me.Scenario:We have $130k in cash, of which we are willing to invest up to around $60k (the rest of the money is for emergencies and any unforeseen expenses/carrying costs not just for investment purposes, but for us as well.We also have slightly more than $200k in equity in our pri residence.We are looking to purchase in Collin County TX (Plano, Allen, McKinney) for around $170k max.

@Joe Butcher I'm seeing exactly what you've explained around Plano.