Always be thinking 2-3 shots ahead.

So..that is probably the biggest reason we would love to go ahead and find House #2 (found 2 great possibilities) and move. 

I’m waiting for my EIN and then plan to open a bank account for the llc to indeed keep my accounting straight.

Long road ahead ... 

You can use a 3% or 5% down conventional with MI (mortgage insurance), or FHA loan 3.5% down with PMI, or USDA 100% loan (Rural single family purchase), or 203k Rehab loan(Like the FHA but you can finance in construction costs).If it is a straight finance property here is how I underwrite:Assuming it is a 1-4 unit property, I try to stick with value add so I can force appreciation and create the equity.

Just straight information and super friendly atmosphere.DFW REI Club– www.dfwreiclub.com– meet about 50 times per year.

Single-family home sales jumped 14.3 percent year-over-year, with 4,699 units sold, marking the seventh consecutive month of positive sales;Days on Market (DOM) for single-family homes extended slightly from 66 to 68 days;Total property sales surged 15.2 percent, with 5,800 units sold;Total dollar volume rose 17.1 percent to about $1.6 billion;The single-family home median price increased 4.5 percent to $234,000, reaching a January high;The single-family home average price climbed 4.6 percent to a January high of $291,034;Single-family homes months of inventory was at a 3.5-months supply, down fractionally from 3.6 months last January but above the national inventory level of 3.0 months;Townhome/condominium sales jumped for a second straight month – up 20.9 percent, with the average price down 3.5 percent to $186,582 and the median price down 5.2 percent to $149,750;Lease properties experienced a strong performance, as single-family home rentals climbed 14.5 percent with the average rent up 1.7 percent to $1,782;Volume of townhome/condominium leases rose 5.6 percent with the average rent up 5.9 percent to $1,598.

Since my husband is responsible for Pat's income at the moment and looking ahead, we know Pat has income. 

Going to go ahead with that since it seems reasonable, and is their minimum.

pid=1697Houston Real Estate Highlights in January:-Single-family home sales jumped 14.3 percent year-over-year, with 4,699 units sold, marking the seventh consecutive month of positive sales;-Days on Market (DOM) for single-family homes extended slightly from 66 to 68 days;-Total property sales surged 15.2 percent, with 5,800 units sold;-Total dollar volume rose 17.1 percent to about $1.6 billion;-The single-family home median price increased 4.5 percent to $234,000, reaching a January high;-The single-family home average price climbed 4.6 percent to a January high of $291,034;-Single-family homes months of inventory was at a 3.5-months supply, down fractionally from 3.6 months last January but above the national inventory level of 3.0 months;-Townhome/condominium sales jumped for a second straight month – up 20.9 percent, with the average price down 3.5 percent to $186,582 and the median price down 5.2 percent to $149,750;-Lease properties experienced a strong performance, as single-family home rentals climbed 14.5 percent with the average rent up 1.7 percent to $1,782;-Volume of townhome/condominium leases rose 5.6 percent with the average rent up 5.9 percent to $1,598.