Waggoner Ranch is located 13 miles south of Vernon, Texas with office headquarters in Vernon.

That is conservative in better locations, but I prefer to be happily surprised by my repairs rather than subsidizing my properties!   

Hello Everyone, looking forward to learn a lot on REI from this community and expand my network in Puerto Rico and continental US. Interested in wholesaling, flipping homes both in the Island and US.As a newbie REI ad...

Oh...These are M2M leases, so I can terminate prior to closing.

I have a property in mind, located in Houston TX that's yields a good profit.

I trust most active landlords have heard of the April 4, 2016 "Office of General Counsel Guidance on Application of Fair Housing Act Standards to the Use of Criminal Records by Providers of Housing and Real Estate-Related Transactions" For those of you who have read the guidance, what "policies and practices" have you put in place for specific prior criminal behavior?

What location would you be looking at then?

Prior to passing, Mom had subdivided her original property into a front lot with the main house on it, and the back lot with her little "retirement cabin" on it. 

Did either of you have any Real Estate experience prior?

Buy at a great price + location + good numbersRentals don't have to be rocket science.Figure rental rate based on like kind rented properties near by.Subtract: taxes, insurance, repair % (7.5%, but varies based on prop condition), vacancy (2 months), capex (5%, but varies based on prop condition/age), pm if using (8-10%).