In Texas, all auctions are live (not online) and must be done in person or through someone that you work with that is their.

If you are knocking out all the major capital costs up front before renting that number of $120 per month may be higher than what you need (not the end of the world...I find it better to be safe than sorry). 

This is the majority of my focus/portfolio, but I do also complete some fix-and-flips as well, mainly to raise capital in order to fund the purchase of rental properties.All types of investing include risk, real estate included (no matter the strategy).

Here some interesting info and numbers about the project.Acquired: Feb 2018Rehab - 2 - 3 months.Listed - May 2018Sold - Sep 2018Purchased - $115,000Financed - $110kRehab - $63k (investor contributoin.Sale Price: $224,900 with seller contribution $6kAfter all expenses Final Profit - $21k  - 33% Highlights - Removed big pool and created big back yard, did major foundation repair to get to tolerance level, removed walls to make the kitchen open, all new flooring, new roof, new appliances and whole shebang. 

I've got my first property under contract and had it inspected a few days ago. i've looked over the inspection report and the major issues i see are related to foundation problems.

One MAJOR advantage to renting the property out for a year is if you decide to sell it after renting it out for a year or longer it's considered an investment property and you can 1031 exchange it into a property of equal or higher value and not have to pay capital gains taxes on the sale of the property. 

I was younger and didn't have much money when I started so this was a major set back.

I'm having a hard time trying to find a bank that I can open a business account with online.

Quadplex (Four x  2 bed/ 1 bath)Asking 170kOffer 155kRent per month: $1640 (market supports $1800-2000)I'll try my best to provide updates on my huge success (or major flop)!

I know the results are good because a majority of the time I'm able to get in contact with the homeowner.