Example of a new home deal in Richmond, TX that I recently analyzed.Cost: $209kRent: $1800Expenses: Approx $9155 (insurance, taxes, 5% for vacancies and repairs, HOA Fee)Management fee: $2160 @ 10% (if I go that route)The above at 4.5% interest rate, 25 yrs amortization, gives a 4.9% cap rate. 

Since I bought that tiny house 6 yrs ago, I got married and had three kids, so we are busting at the seams.

My husband does all the tile work and we invested in a paint sprayer a few yrs ago.  

@Tori Friel Well I can attest to how hard this may be, I bought a property with cash, Have been on my job for 4 yrs and bring in about the same amount per month with avg credit, and still having a hard time finding rehab funding for my project, so please do your research before you purchase anything.

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But after 8 yrs of working, I'm no longer interested in that.

I have a second mortgage which i took out to extend the house with £15,000 left to pay.I am paying double on the second mortgage to try and get it finished and it wil be done in 3 yrs.

I look at the 2nd wave as more opportunities for people like me before things start to settle in 2+ yrs and Vegas economy bounces back :cool:

I own a house in New Mexico which has been rented out for the last 2 yrs.  

I had a property in Texas that flooded 1 very couple yrs was I nightmare than hard to sell because nobody wants to buy in flood plain