Here are the numbers, tell me what you think:Purchase price - $399,9996 unit multi-family - gut renovated 3 years agoGross monthly rent roll - $6600 that's with 100% occupancyTaxes - $13648total expenses- 23,208 which includes taxes, maintainence,insurance,sewar/water.  

More important for some is the loans are generally asset based, with some income or credit review depending on the lender, so they are much easier to obtain than conventional financing.Texas has specific wrap loan disclosures, an 8 day cooling off period, requires the buyer have access to contact the wrap loan lender to verify payments are made and further gives the buyer the right to make missed payments for the wrap loan and get 50% EXTRA credit on their loan for making the missed payment on the underlying lien - to be able to protect themselves. 

Check your local laws, and if your heating system has a timer, you may want to reduce the nighttime temperature by a few degrees, if your water pipes are not particularly susceptible to freezing.

Some are more expensive than others (HOA) fees, some have central water and sewers while others have well and septic systems; most all have recreational facilities; you will find a wide range of prices, dues and taxes.  

@Fred Stevensonthe bank that i'm using is pretty cool as well. message me and i will send you his name

Ceramic is resistant to water, more so than laminate.

The design looks cool. 

It Has plenty of public road Front and power, but no public water or sewer available. property should sell for about 15k of the MLS, I offered 5k cash or $200 for a 3 year option to buy at 6k.

You said specifically that marking up a piece of real estate by 25% would put this poster into "predatory dealing waters." 

-About 500 sq ft of random areas of outdated 80s flooring-Water heater is from '91-A/c 6 years old-Roof looks good-Mandatory $100 social club fee at the Weston Lakes Country ClubThe house next door sold for 205k. 1740sq ft it sold outdated BUT had 3 bedrooms.