The idea is to create a welcoming, affordable living space primarily for local college students.As someone new to this journey, I would deeply appreciate any insights, opinions, or experiences you could share about living in or around Pine Hills.

Title companies take about 4 weeks and cost about 1k-2k depending where you're at.  

This is perfect being 2 doors down from where we live so we do not have to pay cleaners and property management.

However, I'd like to see some income showing that they can pay for utilities, and regular living expenses. 

That also means that if you had to break contract because of it, you would be in breach, and would forfeit your earnest money.We, as an example, have letters from both our banker and one of our HML (that we use depending on deal size) that states that we do in fact have immediate access to "x" dollars.

I did the civil engineering on a senior living facility that just opened up last year on Lake Granbury. 

I live in one and rent the other for $400 cash flow.

Will it impact the rental that depends on the area.

Depending on your state, you may be able to enjoy a step up in basis upon the death of a spouse.Non-Community Property StatesIn every state but the community property states, spouses are treated as joint tenants with rights of survivorship (JTROS).

What is a good and or acceptable amount of money to have saved up before buying your first rental property I'm aware this can vary depending on the state/area but is there a rule of thumbThank you ahead of time