Praise the heavens and get another tenant.At the risk that my response is perceived negatively I do have to reply to you:That is quite some profiling: So from one question I am asking - where, by the way, you don't even know the real background and my intent for asking - you can tell that there is not much experience and virtually label me as some idiot novice.

It's allowed me to grow the brokerage with virtually no overhead and still have cash flow every month.

I plan to expand my knowledge with the virtual mentors I hope to gain here, and share my experiences as well as meet up with local Houston RE Investors.I'll let you all know when I get my first green house on the board.

Yes, condos are not without their challenges, but I find most of those issues vanish if you stick to higher end condos and stay away from low-income units that virtually resemble "The Projects".

I would venture to say by far 4 family dwelling will require the most management and will most likely yield you the most return.My first purchase was a 4 family and that property gave me a great start, enabled my to save quickly, learn how to manage a property, learn how to deal with tenants and give me an overall idea of how this business worked.If you can find a great deal on a 4 family I would say go for it.

THEN show the apartment.5 Understand it is virtually impossible to have zero vacancy so adjust your expectations and business model accordinglyYou will have a vacancy period, but vacant is way cheaper in the long run than a bad tenant.

For anyone doing more than a few deals a month, this virtually requires a team of at least one to acquire and one to manage the rehabs.2) Until recently, prospecting has been focused.

3) If we end up doing the REFI and hold, what are the risks of having my father come in as a credit partner to enable to the REFI?

I see many people who would like to remain in the area and a price point of around 40k would enable a young family or a retired couple to maintain a very manageable home in a highly affordable city.

i do both...flipping has enabled me to make way more than i should be at my age...i used that money to purchase rentals and apartment buildings..ironically, i've sold many rentals in the last year, hoping to use that equity to flip and build new in this market...i still hold a few rentals, and will look to pick up more here and there as the opportunities present themselves