I just remember the new Texas law was extremely bad for those holding contract for deeds.A situation came up where a seller used a contract to sell her house in December 2012.

As I remember, the well was pretty low maintenance, while the septic needed regular attention. 

I listened to a podcast the other day and unfortunately I can't remember the gentleman's name or podcast number..ugh.

Remember you don't have to own a property to control it.Download BP’s newest book here some good due diligence in Chapter 10.

I remembered the name of the Realtor who sold it and the next summer I reached out to her. 

And remember, it's a numbers game, even when you are an agent.

Typically 64% lands me where i need to be. assuming a 20k repair & contingency budget us adequate;230k x .7 = $161k - 20k repairs = $141k max purchase price of an investor. me personally I would be looking more along the lines of the following;230k x.64 = $147k - 20k repairs = $127k max purchase price. dont forget to leave room for negotiations when that those end buyers start coming along with standard 5% below asking price offers. dont fall in love with the deal. you need to understand why the above numbers are the way they are. this seems like a so so deal and that's assuming the 20k budget is adequate with the needed contingency, and throw a whole seller fee into it and it might be something to pass on. break out every cost and you will see how the 70% rule works regarding capital gains, purchase and selling costs for realtor percentages, holding costs, interest on money, prorated taxes, utilities, etc... remember, investors have to pay short term capital gains which is typically over 25%. it may seem like a big chunk of money using those formulas but in reality it isnt.

With all the hype surrounding crowdfunding, it's important for investors, especially those without a lot of experience in real estate to remember the fundamentals. 

And PLEASE remember to take plenty of pictures!!!!

However, remember that the “official” inflation numbers do not include energy or food.