Does anyone know how the new Dodd-Frank lending laws will effect me? 

I would love to work with you if there was an opportunity, if not as an agent, as a management company along side whatever agent you select.  

If you do that you will be subject to a deductible and it may effect your future rates.

She finally very abruptly ended the call with something to the effect that she is buying the property, and they have a recorded land contract.

I have seen very effective virtual tours for construction projects. 

How will the PMI effect your cash flow? 

Since the last oil crisis, Houston has done an outstanding job of diversifying...With high-tech, healthcare, and alternative energies booming, petroleum just doesn't have the effect on us that it did in the past...it's now a smaller piece of the pie that is Houston.Many locals remember the hard times in the '80s, and are fearful that they will return, but when you look at all that the area has to offer (booming industries, affordable housing, great schools, investment opportunities, friendly people, decent winters, etc.) you realize that Houston still has a lot going for it.And even if things were to cool off a bit, that's beneficial to investors, as it means less home ownership and more renters!

Christopher is correct in saying the price run up over the past 3 years has drastically effected cap rates.

If it is not a super lien state how does this effect the first lienholder?

You can go to your settings and select topics that you are interested in.