Spoke with 4 people who responded to my yellow letters, which I consider a success in itself just because of the response rate I am getting and it is great practice.One was slightly irritated and wants off the list.2 spoke really poor english and were very hard to even figure out what street the property was on or who I was speaking to....one wants off the list and one wants 20k more than the property will ever be worth.One actually seems motivated and the call went really well......I asked the right questions and got the right answers......I go see the property this weekend.I also listened to 2 podcasts, re-read an article about Dodd-Frank and the SAFE act which made me decide that lease options aren't anything I want to do (or even can do) in Texas.

I gotta start using this technique, it will be great for my waistline!!!

The units are in a safe part of town with an above average rental market.Gross income: $4650/month50% Rule for Expenses: $2325/monthDebt Service: $936/monthPositive Cash Flow: $1389/month2% Rule?

Some areas are better than others that is for sure, some areas are not safe at all, but some prices are low and rents are similar to neighboring towns with much high prices/taxes, from what I see.

Jassem:Though its a sad portrait to paint of society, bad areas are many times even less safe for a woman, especially if she is the landlady.

Grower has a safe place to grow, and his patients are not stuck with the substandard medicine that the huge corporations are trying to pawn off as good medicine.No offense, but though I am a senior citizen and you are young, I am determined to never grow as old [stuck in the "why nots" more often than "how do we do thats"] as you.

. :) Drive safely now......Wow Todd, 54 posts and over a hundred votes, how did I miss you?

Even if you had zero experience, with only a 50% loan to acquisition costs and you covering all rehab, I would be in a very safe position, even if you screwed up.So, I would likely work it like this: You place your entire $125k into escrow, I place balance in to close.

So I was about to sign an offer and I asked my agent is my EMD "safe".

This is a safe way to get started in my opinion.