I guess I'm just fishing for where to start with this.

Or am I *completely* nuts for even entertaining the idea?

Fish practically from your doorstep.

Huge news story here about charges against top Enron executives.The prosecutors have got to be feeling pretty good right about now... they got almost all of the big fish and they got them for huge crimes.

Property has lake, fishing ponds, etc.556 Unit apt complex in Houst sales Price 12.2mill ARV 15 mill.

If the job market here stays strong over the next two to three years Austin/suburbs should finally see some decent appreciation.Some of the neighborhoods I "fish" in have seen quite a few sales to Californians so while 1/3 may be strong there is definitely some evidence that the speculators have arrived.

Great area but the problem is the prices are nuts already.The ColonyIt's fitting that it is named Colony.

I suppose the obvious goal would be to try and cover our monthly mortgage payment, and then some, but it's a pretty hefty monthly nut, and I don't know how easy it's going to be to cover it.

I understand the principal of the sub 2 but nut sure it would work here as trhe owner wants tro get something out of the deal.

As far as the "nuts and bolts" of dealing with the tenants, here's the scoop:You will be creditied with the security deposit(s) held by the current owner.