@Joe Hasbrouck and @Steven Hamilton II - I was told by a ROBS promoter (and have verified otherwise) that the C-Corp in a ROBS needs to be real estate operating company, not just a lender or holder of rental real estate.

If it is someone new or doesn't have a reputation you can verify to buy properties in general, then it may be a good idea.

Verify the numbers and dig for inaccuracies.Do not even attempt to approach buyers or people that have connections to serious buyers until the numbers are validated.

. -- There is a saying that goes, "Trust but verify".

You can contact your original mortgage holder to verify...find their Loss Mitigation dept online.If you need any help,[email protected]

Best way to verify the costs is to get multiple bids and compare.

The following is my observations on the basis of technical analysis for the cities you mentioned on the post: Your question about Houston: It is a tricky market and long term technicals are still not verified.

These leads are NOT verified as they promised.

Due diligence, due diligence, due diligence.......IF YOUR work and YOUR inspector proves the roof, A/C and furnace are new AND that the REST of the property is not a ticking time bomb, AND YOU verify local employment trends and the economy, AND YOU know the neighborhood WELL, you may have a deal.Again, due diligence, due diligence, due diligence!!!!!!!!

Listed price- 1.1 million GOI- 165,600 Expenses-Taxes 15,300PM 15,800Vacancy 9,400Repairs & Maint 6,000Utilities 2,300Insurance 3,200Reserves 3,800General Admin 1,800Marketing 1,000Expenses- 58,600 NOI- 107,000 Occupancy- 83% Built- 1997, no deferred maintenanceHave a contractor visiting the site next week and should have all the income and expenses verified about that time.