I'm sure with enough offers or by using seller financing, it would be possible to get into multifamily in the CFL area.

A property is worth what people are willing to pay for it, which right now does seem to be on the higher end - but probably seems low to the people making these offers.

Usually insurance companies only cover loss if the property is uninhabitable.

Offer seller due in four years balloon, 30 year amortizing payments at 5% in writing and see how they counter.GET QUOTES for hazard insurance NOW and have agent walk the property.Well?

Save up for 3-6 months' worth of mortgage payments, property tax, insurance, and upkeep costs as a safety net.

I joined to learn more through reading the  discussion boards and by offering my services to people in the DFW area. 

So I have kept renting it out since then, taking a loss every year (rent did not cover expenses of taxes, insurance, maintenance, mortgage payments) so never any cash flow from it.

Rather than letting it sit on the market, we accepted a lower offer, understanding that sometimes time is more important than waiting for the perfect offer.

They also are not cheap and the best have requirements and the best of the best have requirements than insure that each member is a mover with a lot of info, contacts, etc.  

Their program seems very good overall as far as the essence of them covering coaching and rehab and all costs, but i was quickly turned off by the sales rep named Scott,i spoke to who was extremely arrogant and impatient kept saying i'm geting dozens of calls each day and dont have the time to handle everyone, and needs to know up front do you have a couple thousand set aside for this business, i said i'm investing about that in the business now what do you offer that would warrant that< and he repeated the same and i said, well like i'm on the call now with you 2 min and 14 seconds care to tell me what all this is about and what the financial requirement is???