I think you made a great purchase based on this bit of Houston news:  http://www.chron.com/news/gallery/Exxon-Mobil-039-...

A month ago, I stumbled upon the Vegas AirBnB article that went viral and I became even more intrigued (http://mashable.com/2013/11/04/bought-apartment-rent-airbnb/).

Also, the Business Insider article shows a lack of understanding of what this is all about. 

You may want to seek the advise of a qualified CPA or other professional prior to investing this way.Attached are some articles that may be hell on this topic.

Today we got the first confirmation that other asset managers may have finally given up on the rental conversion strategy, following the observed collapse in multi-family housing starts which crashed from 376K to 234K in April (the lowest since last summer), a drop of 142K and the worst monthly drop since 2006 when the housing market had once again peaked and was about to undergo a very serious correction.http://www.zerohedge.com/news/2013-05-16/multifamily-starts-suffer-biggest-monthly-plunge-2006-reo-rent-recovery-deadIn addition to the money-laundering aspect (confirmed previously) and the REO-To-Rent scramble by PE firms and hedge funds (which is now over as PE become active sellers of apartment rental properties), we highlighted the third implicit subsidy to the housing non-recovery:Foreclosure stuffing.

Oh - and here are my favorite articles on Wholesaling:9 Reasons You Couldn’t Find A Buyer For Your Wholesale DealDon’t Start Wholesaling Until You Read This: Wholesale Advice from a Fix and FlipperHow to Start Wholesaling: Getting Past The Education and Into the FieldSee you around the site!

It doesn't happen.It's all about speculation and there was a front page article about this going on in my local paper.

As much as I try, I don't always catch the news.

Don't be afraid to jump in and help answer questions or ask some of your own.Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideOh- last thing: Have you setup your "Keyword Alerts" yet?

http://www.justice.gov/usao/id/news/2013/dec/andersonskinner%2012092013.htmlHere is an editorial about it expanding on what went on...http://www.lewrockwell.com/2013/12/william-norman-grigg/police-state-justice/