As each house is closed, the profit is rolled in as working capital.  

In Houston, Tx we get traveling nurses, divorced parents wanting to be close to kids, students, traveling professionals, and just people looking for a way to budget their life.

Then, you're likely better to stay as close to home as possible until you get your feet wet. 

Hi Cody, The main benefit of a portfolio loan is saving on the closing costs.

He said it is "nearly impossible" to get a good interest rate by purchasing through an LLC and that it will take an "arm and a leg" to get the deal closed.

I am looking at a house close to my primary residence for around 1.8M; I plan to rent it out for the first year while I obtain permits and plans to build a larger house.

Your Network = Your Net-worth"Been watching Evernest's video's and they share a ton on "everything and anything" property management related so that's been a blessing.Biggest take away when it comes to scaling a PM is to spread the word about what you're looking at doing and to build relationships.Local real estate events, NARPM, IMN, etc...You want everyone to think of you if they are looking at selling or if they know of anyone looking at selling.I use to be "loud and proud" and a huge extrovert but I guess "old age" has got me hahaI prefer drinking coffee and smoking a cigar behind closed doors.But, I guess I'll have to start "shaking hands" and "kissing babies" like a president when it comes to networking again lolMaybe even do a few video's while not wearing any pants heheBig hat's down to Matthew Whitaker for scaling the business so much.I remember spending some time together in Birmingham when he had a decent sized operation of around 1,200 units or so.Now they are 16,000+ 👏HUGE...We initially met as I was interested in selling our property management company in Toledo and now we are looking at acquiring others heheTime flies, things change and life is funny.Thanks everyone for your contribution and wishing you much success

I've been looking at comparable properties nearby and the median is in the low 2k range I'm thinking mine may go a little higher since it's a corner property with a lot of light but really looking to see if the conversion would make sense financially because I've been reading those articles about the costs being exorbitant. 

I have also placed cash offers on bank owned properties and have been denied or countered dollars under market value. at this point why not buy off MLS, closing with title, less risk. any advice?

I have around $15,000 in the bank which could afford a 3.5% down-payment, but closing costs and the first few months rent could be a stretch as my job hasn't started yet (The home would still be under construction so its possible I could achieve W2 income before actually paying a mortgage?).