I have spent the last few months listening to numerous BiggerPockets podcasts, reading the BiggerPockets forums, and studying real estate investment books, such as David Greene's "Long Distance Real Estate Investing" and Brandon Turner's "Rental Property Investing".

The tech industry has embraced it and numerous companies are relocating to Texas.

Bidding wars are a rite of passage over there so I doubt you hurt yourself in what you paid.

Is it really worth causing a huge war over and having this guy stop paying for two months and have to litigate .

We almost only do multi=families and it's tough to find clients what they're looking for without ending up in a bidding war.

We listed it for $99,900, but two of the prospective buyers got into a bidding war, taking the price up to $103,000.

We were planning to sell the house for $375 and were expecting a bidding war based on the current market.

@Matthew HorstmyerI used to keep $1,000/door in reserves for my single family portfolio but decided to pack my war chest when I started buying larger multifamily properties.

From starting my career in property management to now owning several real estate companies and operating as an active investor, developer, and real estate agent, here is some of the best advice I can give you from direct experience regarding how to mitigate and manage home repair costs:Conduct Routine Inspections:Where my best advice (for numerous reasons) is to hire a reputable property manager to help manage your investments, at a minimum ensure you have someone perform routine site inspections at all of your investment properties.

It was clearly under market so there was a slight bidding war for it.