If everything works out I get about 500 to 600 in my pocket on that as you said if I take 50% cut due to vacancy, repair / maintenance I will still have around 200 - 300 in my pocket.Again this amount is not much but just wanted to test the water.

Some attorneys will take the position that debt fails the "common enterprise" test for a security from the famous Howey test. 

Comparing "This one has an inspection, this one has a radon test, this one wants lease agreements, this one has a $5,000 EMD", to a text offer.

I haven't tested this out (thankfully) but I understand that the insurance company will send their lawyers to protect the first $3 million they'd be out if a frivolous lawsuit was filed against me. 

Hey Everyone,Just testing the waters here to see what everyone thinks!

So I have worked my tush off working on my credit it’s not the best now but good enough.

You might have to go through several first or develop a test project for pre-hire screening.

Having said that, if you can get good value while still stress-testing at 70%, 0 rent growth for a couple of years, and an escalating reversion cap, submit that LOI.

Suggest you take 20-30% off from house vs house hack to test your pro forma . 3) Rental Market in Houston : COVID certainly slowed down short term rental for obvious reasons, specially inner city .

Test their motivation and see who blinks first!