Ryan,The answer is perfect as it is what it is.I find the name unique and not easy to pin down.

They also have a realtor coming to look at it etcOverall if I think about it right, 50k payoff, 10k in repairs, and say $4000 in carrying costs (6 months) and my total in would be 60k without arrears....the arrears have me confused as they are so high....so i'm guessing there are some pretty high penalties tacked on by the bank)So 60-70k(with the arrears, depending how much it would take down the principle when I pay those) and sell for around 105-120k seems to be ok to me.....I'm sure I'm missing something tho...Be easy on me, this is my first deal and I'm basically all on my own.....all the info I've found out on my own, trying to do what I can here.....thanks in advance!

Not taking money to move in was a signal to the tenant that you were an easy touch.The $1,200 is likely lost and you should move on.

It is very easy to check their criminal status.

And the homeowner's insurance in Colorado is $400 for $1,000 deductible versusu $900 for 3% deductible down here.The above paragraph is submitted to all of you CA, NY, NJ and other out of state investors who keep hearing how inexpensive houses are in TX and how easy (not) it is to cash flow down here.all cash

If it were easy, everyone would do it.

Apparently it's very easy to foreclose in Texas.. credit ding for years, creditors calling you, and that's about it...

I enjoy those shows but they make it look too easy.

I picked up a couple of books and already finished one - ABCs of Real Estate Investing is a good newbie book if any other newbies care - easy read, and provided some basic guides to determine property profitability, though you can probably find the same info on this forum in one form or another.

It certainly sounds easy!