I have heard that texas was undervalued and is now only at a reasonable level, but I've also heard that Texas can not support its current prices and is a "boom and bust" state that was at the tail end of the boom and may starts its correction much later as well.

Our remodeling peer group had to agree to have a standardized chart of accounts in order to compare the many members performance levels.

My father is going to occupy the maids quarters which is really a 1 bedroom standalone house in the backyard. the main house is not a duplex, but a 3 level house that has a 2 bedroom on 1st floor, 3 bedroom on 2nd, and 3 bedroom on 3d.It is 3 separate apartments and for whatever reason the previous owner had 3 separate electrical meters put in.

Unfortunently I am having trouble maintaining that level of optimism.

The only other option is parking my car on the public street, where my last car was keyed.Just trying to level set my expectations. thanks

Specifically I was interested in the property management and finacing classes as these could potententially lay a good foundation for investing.I'm not intersted necessary in getting my license, but it would help put me in the agent's head, and perhaps level the playing field a bit.

The potential liability is very high if you miss something during the process that later surfaces causing the investor/developer to lose money.Some of the skills you should have are a firm grasp on financial concepts and forensic accounting because sellers lie and they will cook their books too.

His rent level was good enough to put up with the utility bills for a couple of months, but not at this high level......

- then they come back around in a month or two with a whole new round of free seminars - you completely did the right thing - use it as a tool at first, but don't invest in it as your one and only real estate bible - the cost of these upper level seminars can really take a valuable chunk out of a beginners cash for deals - just my opinion, I'm sure it has worked for some people - good luck to you - Ryan

I'm looking for a 30%-40% drop in the stock market from these levels and I'm perfectly fine staying in cash at 0% right now-my 0.15% last year beat the S&P 500 by nearly 40% in 2008.