I can get a seller to court to sell or suffer just as easily, maybe easier, with a sale contract as an option agreement.

I want to start small with a 10K down payment on something so I'll need a market place that's affordable; either within an hour of NYC or somewhere else in the country that I can can travel to for investment purposes.

And yes depreciation is recaptured on the sell of the property, easily avoided by doing a 1031 exchange.

I've bought several houses in downtown NN and Norfolk for 10k to 25k range and they rent for 700-900/mo pretty easily and some require minimal repair.

I called and left a nasty smart@ss message asking her if she had a time machine and traveled back a day after she bought the money order and then mailed it.

Check out the reviews that travellers have posted after they have stayed at Outer Bank properties, and you'll find out what their criteria are.

Because I did an FHA mortgage my total mortgage payment is $3200 including the FHA mortgage insurance.Rents:1 bedroom unit $9001 bedroom unit $600 (his lease is up in 6 months, I'll increase it to $700 because he's been here for 22 years)2 bedroom unit $825 (their lease is up next month, ill increase it to $1,200 because that's the going rate and I wouldn't mind different renters).2 bedroom unit $900 ( me and my wife moved into this unit, the unit could easily be rented for $1,500 but were leaving in it)Other expenses are trash which is $40 month for all the units in total.

Anything you can easily do to promote an atmosphere of "good will" you do!

It will provide a positive cash fairly easily and while the SFH may provide a positive cash flow, you have a big question mark with the furnace.If you are looking to flip then the SFH becomes more attractive.

I am wondering if you had a recommendation for a regional Texas (Houston) bank that provides convenience through technology from basic (online bill pay, ) to advanced (payroll, check scan, etc).Because of my travels, I would prefer to manage payments (to suppliers, to employees, etc) and conduct business more remotely.I would like to avoid bigger banks such as Chase, etcThank you,Mo