InvesLauren A.The Rent Stabilization Board (formally Rent Control Board) is terrible for landlords.

We always look for listings with terrible photography and marketing.

The tenants moved out after one year, and though there are no holes in the walls or anything terrible like that, the paint is in pretty rough shape and at a minimum would need most rooms touched up.My property manager (a large and reputable company—found them on BP) told me that paint is one of the items that I just need to plan to remedy at each turnover and nothing can be taken out of the tenants’ deposit to put towards repainting.To exacerbate my dilemma, the color of the home’s interior is no longer available, and I have been told that I should just paint the entire home based on the idea that just painting a few rooms is moot due to labor expense.The home rents for $1000/mo and a new paint job is going to cost me $1800.

Property management firms are notoriously terrible in this area.

That said, I do agree with Eamonn that selling wait list spots is a TERRIBLE idea as everyone with as few as one functioning brain cell will get on the list.

I've contacted a few that are just terrible and real scammy!

We always look for listings with terrible photography and marketing.

They started writing a heap of terrible loans, given the spotty decline of real estate across the many markets in the US didn't help and they found themselves out of money.The bridge loans with rehab are the toughest lines to get placed right now. 

Terrible business decision.Please have a lawyer review and explain the lease as well.

A lot of people that are in Houston invest in College Station and manage it themselves. 1.5 hours is a decent drive and isn't terribly long if something does come up.