But to answer your last question, when you close on the property, the title company handles all of the documents and recordings needed for the sale.

We have one rental house purchased last year that cash flows zero because it is on a 15 year loan.

I had the chance to meet with @Doug Watts last week and catch up on what we have both been working on along with discussing growth in the Buda area.  

Tenant cloud is free and Rentec costs $15 to $30 per month, but I got burned last time because the software I used was free and there was a huge problem that caused the tenant to triple pay rent and has been a huge headache.

And until you're very well established, you'll rarely be the only one they talk to, so you'll usually be bidding competitively, and there's always someone who's willing to overpay.The last thing DFW needs is another clueless wholesaler pitching deals that have overstated ARV and underestimated renovation costs.

Hi John, a few things have happened since this last post.. 

Just last year I purchased two homes in one lot(my first and only deal so far).  

However, cap rates compressed a lot in the last 3-4 years and I think that the pendulum should swing to the other direction in the next 5 years.

@Tony Link Looks like I missed the Amarillo RE Investors meeting last night.

For such a small area having 6 listings currently active is pretty decent. 8 multi units have sold in the last 6 months there so investors ARE picking up properties that need work and successfully turning them around.