I found the renovations to be cost more and the ARV to be less (the agent or wholesaler will sometimes give you a higher ARV). 7) Get a full inspection and sewer line scope. 8) Have lots of cash reserves. 

You could use some of the rent collected in the duplex to increase your income basis.

I did my closing just 45 days ago and also paid additional to bring the interest down, doing another loan means closing costs again.

We pretty much all use "the lesser of" Cost or ARV (As Reparied Value) as the value we use for lending.

We need to know the details of what they were installing, the location, the cost of materials, etc.

Please include:When and how is rent to be paidWhen and how are utilities going to be paid (if any)When and how is the cleaning going to be (if shared or provided)What are the costs associated with damages / breaking stuff / calling a technicianWhat are the costs of breaking the lease, finding a replacement if you are doing short term leases on the roomsIf they lost their keys or check bounces what is the charge for it, how the cleaning of the common areas is going to work, and enforcing quiet hours.

If you're living here, why not buy here in DFW.I like Tyler, but is it growing, incomes growing, jobs increasing. 

The cost of the trip will save you a lot more than something your realtor or someone else missed.

Current rent is $2060 + $40 for dog.I assume I could depreciate the cost over 27.5 years. 

So repair costs are $18,000.