I am also 29 and recently set a goal to have a first rental property by 30, here's to hoping we finish our 20's strong!

The seller wants to sell for 220k I'm not 100% sure but I think the ARV is in the upper 500's I want to do an assignment deal but the law in Texas is that I have to tell the buyer and seller what I'm making off of the deal.

*Buy an older multi family unit/s, rehab and either flip or re-lease at higher rents.

Most sub2's I buy are for up to 40 months or so, but usually shorter. 

Ideally, my list would meet the following criteria:Property built after 1980Last sale on or before 2014Property is 20,000 - 80,000 squarefeetBuilding is multi-tenant (vs single tenant)Owner of the building (or LLC) is an individual or couple in their 70's or olderMy question is primarily about finding the last 3 bullet points, ESPECIALLY the tenancy (multi vs single). 

The lien(s) are still on the home and debt is still owed.A subordinate mtg lien could be stripped through a ch 13 if there is absolutely no equity for that position.

Let them know you're a plumber and maybe you can even pick up side jobs for an investor in return he helps mentor you etc...Check meetup.com for meet ups tooUse biggerpockets as well.....you have 1,000's of people at the touch of your finger on here.

Hey @Sarah S. thanks for taking the time to read this post!

The property was built in the 1920's and no one has ever done lead testing on it, as far as we know. 

The HOA had taken possession of the property and executed a rental agreement (significantly below market) with a tenant to recover the o/s HOA b) This rental agreement between the HOA and tenant expires at end of this year. c) Now that I own this property via foreclosure purchase, can I get this lease terminated (HOA does not have standing).