$1000/mo-$120/mo HOA-$775/mo Mort=$105/mo to pay Ins and tax...guaranteed you will be out of pocket every single month even if nothing breaks ever.

They are both great at learning the fundamentals.Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideOh - and don't forget to set up your Keyword Alerts!

Can the option price ever be based on a note payoff amount at time of closing?

Ouch.It's a simple thing, but it cost me $458.Anyone else ever done anything stupid like this?

There is NO MAGIC SECRET OR FORMULA, its just good ol hard work and all the info you should ever need is right here on BP!

@Shawn Thom,Title insurance is the best policy and city of Dallas do mess up, and they will not release the lien until ever red cent is paid.

Im gonna relocate my job over there and wanting to start off with my investment, But this is my first time ever.

Not what I was expecting.In my opinion, while DM to absentee owns is the right strategy, it's also one for those with deep enough pockets to out-mail the next guy or those able to strategically target a list of motivated sellers, at least in my market.DM will always be part of my marketing, but it needs to evolve like other parts of my business.

A truly poor, responsible honest person knows when they can't afford something and does the right thing and moves to a less expensive place - they don't string you along into their problems in order to gain some benefit.One more thing, if you ever have to go to court, the court may view flexibility on your part as lulling the tenant.

@Jonathan AvilaWelcome to BP JonathanPlease feel free to reach out if you ever have any queries regarding the Kansas City or Toledo Ohio markets.We specialize in these areas.Thanks and have a great day.