This scenario often allows investors to purchase properties at competitive prices, potentially increasing their return on investment​​ and have smooth investing experience.Quality Education System: With several highly-rated public schools, Katy is an appealing location for families.

And if I go on with the purchase, how hard will it be to evict them? 

Should I have this established before purchasing a property, or accumulate it over time after making a purchase?

I have cleaned up a number of these deals over the years.. they are all great when they are working and everyone is on the same page but when they are not.. there is extreme risk to the original seller especially in Texas were a bank or lender can get a money judgement on purchase money loan.. out west not so critical original seller just gets their credit trashed if it was not already.. but there is no money judgement available to the lender for a purchase money owner occ loan in first position.

Considering the new construction (2023) and current occupancy, is the purchase price reasonable?

Why do you think purchase contracts are so long and have such small print?

This is my very first time renting the unit as I purchased it a couple of months ago.Though they are requesting application, but being out-of-state is not instilling confidence in me. 

My thoughts are to purchase a duplex in Cleveland or somewhere in Ohio.

Purchase price: $500,000 Cash invested: $125,000 Bought a 3 unit property 10 mins away from me!

Adjusted basis is purchase price plus improvements less depreciation.