I remember everything was over priced back then and there was a lack of housing that the school district sent us an email asking if we could rent out rooms for new teachers that were going to move for the 2012-2013 school year.I liked Midland a LOT better than Odessa. 

Ready for a second deal, I have come across a private sell in a slightly sub-par area of town (I would guess C to C- neighborhood) close to the older down town/industrial district (I live in Hobbs, NM, an oil and gas town hugging the west Texas border).

Hi all, I'd appreciate your opinion on what to do in this situation - Just purchased a duplex today ( 7/6/18 ) with long term tenant paying same rate of $1100 since 2011 for a 4 bedroom 1600+ sq ft, 4 BR 2 car unit in a great location, the top school district in the state, and large yard.

I have not tried to refi these, so I don't have any hard numbers on value, but the cheapest thing in ALL of Oakland is an undersized lot for $170k, so I am confident that these units are worth double what I paid.3) Fruitvale District of Oakland Ca - 6 plex.

We're the location for the upcoming World Equestrian Games, being held at the Tryon International Equestrian Center.You can find great artists in the River Arts District using many different mediums for their expression.We have mountain views, hikes, state/national parks, the French Broad River, Kayaking, Fly Fishing, Mountain Biking, good food, beer, and wine. 

You can rezone it to an existing zoning district in the Town, or you can create a completely new district that works best for your project, or you can do a text amendment to an existing zoning district. 

It is also the best school district in Marin County and therefore a very desirable town.

. - Lot more inventory to work with (flexibility)- I see many affordable homes 150k-250k range and multi unit homes around 250-400k range- Thinking of buying between or near UNLV university/ main strip so I have faculties, staff, students from the universities as well as employees from the casino/hotel- Property Tax is cheaper (but can be a con in other states).Con & other inputs: - I feel like Las Vegas have short term residence more than long term residence (most of the properties seems to be owners who are not purchasing to live but to use it as vacation home or short/long term rentals.... so many properties can be vacant and potentially allow squatters/long eviction process)- Nevada law require a "responsible" person aka landlord/property management within 60 miles - Distance (I like to buy my properties locally because I can stop by or fix something if needed either by myself or contractors that I work with/familiar with- Property Management fees since long distance - Finding a property management company that is reliable and trustworthy. - Unfamiliarity with the area/surroundings- Lower Rent compared to CA but I know I can't compare apples and Oranges (But I don't want to invest just to break even)------------------------------------------------------------------------ Tax questions ***Some state does not have tax on income(?)

Your best bet is to buy a rowhouse, or condo if you can't afford a rowhouse, in an attractive part of the district and rent it out by the room.

Only exception to that rule is if the property is in one of the college districts or edison district etc., or downtown which unless you have $50mm your not touching.