I think of DFW the same but not as many O&G companies and a bit more heavily toward the financial and technology sector. 

My concern is that the unit under eviction will be heavily damaged with no security deposit and insurance doesn't cover tenant damage, though a criminal act.

I'll be driving the Leesburg pretty heavily this weekend, just to try to make sense of the market and better/worse areas.

Although we can't be for certain on the payment history of the the tenants, we did find out that one tenant has been there for 13 years (unit B) while two tenants are getting their rents heavily subsidized by the government (I might add unit C is abandoned but the government is paying the rent until the lease is over in a few months or so I'm told and unit D is the one being evicted - he hasn't paid his portion).

You purchased the property heavily discounted and you intend to flip it so the negative cashflow is just part of your financing cost3.

Hi All, My husband has a rental property in Oakland CA, where tenants are heavily protected by law. 

IMO you over paid heavily on interior painting. $1400 for 3 small rooms?

I can tell you from an underwriting perspective though, banks are now looking very heavily into when you bought the home, did you buy owner occupied, did you move out early, and refuse you on even a Fannie/Freddie loan if you are trying to buy another owner occupied ahead of twelve months. 

There's pros and cons to it but for me the pros heavily outweighed the cons. 

Have to lean more heavily on their other qualifying factors.