Kevin D. answered it quite eloquently.But let me throw in some food for thought.This whole grab more and more assets logic has always troubled me.

Food for thought.

It's not just a check/food stamps, but a whole system that ensures properties are up to the state's standards.

With Austin and surrounding areas (Round Rock, Pflugerville, etc) filling up and becoming more and more expensive, I see opportunity for cash flow and particularly appreciation in Manor with the relatively lower purchase prices.There are a lot of development plans for Manor in the works (new elementary school, gas stations, fast food restaurants, park/road improvements, etc).

Thomas Horner This is just food for thought.

Sometimes these closings can drag in, while the delinquent taxes keep building up and up.This kind of clause might give you a little extra predictability in the numbers (anything in excess of said amount would simply be paid from the sellers proceeds).Food for thought anyway.

Free lunch- everybody loves food

Besides, the Amish make better food than anything I've had at Morton's, Capital Grille, McCormick and Schmick's or even my beloved Cheesecake Factory. 3.

Then, you tell them they get to buy their own clothes and food!!

.$50k is probably not going to be enough to do a flip, especially in higher-priced markets like coastal California.You can leverage $50k into single-family or duplex properties in many other markets that will produce positive cash-flow and cash-on-cash returns of 20% to 30% or more.Take a look at our 2013 Housing Market Forecast for a few ideas and some food for thought.Continues success!