This is NOT a good price from an "equity" perspective.Avoid the very common desire to "finally just buy something".

Bungalows are very common in the area, 99.9% of them won't have a bathroom upstairs.

@John Chapman High-risk flood zones are common only near the rivers, which is a pretty limited slice of properties out there.

It was explained to me that owner pays electricity for section 8 tenant because its connected to the same box as basement electricity; the basement has common washer/dryer that owner pays for.

I just wanted to make sure before I tried going through with the deal, it's something that is fairly common so I don't overpromise.

Thanks for the welcome Bill.No question that GWD’s are the most commonly used deed in Texas as I’m sure is the case in most other states.

We employ a number of strategies to achieve that goal.

However, I do have a traditional IRA (the funds in that had been rolled over from my former employer's 401K).

Qualifying to refi 3 rentals as a self employed person is proving to be challenging...worst case I evict the tenants and sell them, but I don't want to do that.

It cost real money to maintain the common areas, etc., etc.