We are new flippers/wholesalers in Chicago but have access to a couple networks with turnkey properties.

@Brian Halstead,Sorry to hear about your troubles with your insurance broker.I work for Fenix Risk Management, an independent insurance agency licensed to do business in Florida with access to multiple carriers in multiple markets.

I'm in NJ but a quick search on Houston landlord tenant law pulls up a Houston Housing and Community Development Dept page which say:---------------------- A landlord must LET TENANTS ENJOY THEIR HOMES.

My two large losses this year happened because of bad, fluffed CMA's that we went by because we bought before we had access to comps ourselves and had a general knowledge of the neighborhoods. 

I would never want to treat an investor as less than absolute gold and risk losing access to capital.  

You were given a credit, so you have their money.I would not try to collect anything for late return of keys, assuming you had access to the property and they were really out.I highly recommend you find a landlord/tenant attorney and have (pay for) a conversation about landlord tenant laws and customs in your area.  

I'm aware that is not a scheme of getting rich quick.

I live in up n coming Inglewood area, less than a mile from the Forum, so our property value is rising quickly.

Comps are $380k-$400k at quick glance.

I don't want to clutter this thread but had a quick question 168k/yr seems low on over 100 doors.