I just put 5000 to be conservative but owner states he just put in new hot water heaters, roof is in good condition, the pics of the yard look like it is really well maintained, etc  The detached garage looks old but has a brand new roof on it and has been painted to match the apartment building. 

I'm an aspiring multifamily investor in Houston, but the market is too hot right now. 

I have a thought that's sort of along the same lines as far as looking for "hot" markets to buy whatever in, sure there may be certain ones that get "hotter" than others at times for a wide variety of possible reasons, but I'd also say that there will be a long list of markets that you will do just fine in, provided you handle your end of the rental business as well as you possibly can.

In order to do this you'll need to have them fill out a IRS W-9 form which you can find here.Next time explain to your contractors that you will need to 1099 them and get a W-9 from them before you pay them.  

Charleston is a hot rental market.  

Those are the only things that I am worried about but with 6 figure spreads and the intangibles of a hot neighborhood it may be worth the risk. 

She decided to find out how much you would offer for her house and if you lead the conversation, but talk very little and let her fill in the dead air on the phone you'll probably find out what her motivation is.

Said "market is hot properties are flying off the shelves." and he said he will send my counter offer to the bank, not sure about my explanations.Well, we shall see.

About 80% of them are open to selling with property and with the section 8 tenant.I have over 50 properties that can be sold so the list is pretty much a hot list.

I do have to overcome the fear of holding the hot potato when the music stops (economic down turn) this is why I like to buy and hold for now..