I've been working in the industry for 5 years after having graduated from Texas A&M.

It may barely hit the 1% rule, and won't be in a great neighborhood.I could be wrong, but that describes the average fourplex here for sale.

To give you a bit more background, I graduated from A&M with a business degree, then promptly headed off to South Korea to teach English for a few years before starting my own business here (unsuccessfully), then moved on to the import/export consumer goods industry heading up the Korean market for a major New Zealand honey company.

Lessons Learned From Two of My MentorsThe real estate industry offers many ways to achieve success and many options within each path.

If the payment is not received on or before the due date, this Agreement automatically becomes delinquent the day following the due date without notice.NOTE: It takes an average of 4-5 days for the Postal Service to deliver mail.f)Payments are first applied to any unpaid obligations such as late fees, escrow, service fees, dues, special assessments, any other associated fees or monies owed to the Landlord under this Agreement, then to the lease payment due under this Agreement, regardless to notations on checks, money orders, or other forms of payment.

Purchased $65,000House #2 - average sized home on the street but it is in mint condition.

Units are 2/1 around ~820 sqft on average and owner says rents are $650.

Average 3/2/2 1500 sqft leases for $1400/month

Check out Tom HopkinsPeople learning sales from all different industries learn from him.

Don't use your bank because the average commercial bank isn't investor friendly even if you have an 800 FICO they'll still put you through the ringer.