Do they pay taxes and insurance and then their rent to me?

We may have some of the worst property tax, an insurance board that's in the pocket of the industry and the scummiest politicians money can buy; BUT we can sure bounce deadbets quickly.Back in the late '80s or early '90s the Houston Chronicle did an article about evictions because there are so many filed in Harris County (Houston).

The payments, taxes and insurance will be around $500.00/month which is in line with rents in the area.

Cash flow is your insurance and allows you to have someone else pay for your investment.

IF you believe that, try doing nothing and see how much money pours in.Many other gurus teach that cash flow is determined by subtracting taxes, insurance, management, maintenance and vacancy allowance from gross rents.

I know taxes went up, insurance went up, but did property prices go up or down?

By doing so, you have some idea of what price range you looking at.When looking at pre-construction projects as investment opportunities, I’ve noted that most “Hard Money” lenders state that they want Verified Assets (6 months Principal, Interest, Taxes, & Insurance) when qualifying for 100% financing.

Now, I work full-time so I can make sure I have steady income and health insurance, and just work with referrals.

You won't be able to get title insurance on it until the redemption is up, and if they redeem you won't be reimbursed for any non-essential repairs.

While predicting value down the road is hard a safe guess 4 years value will be $45,000.Management is in house, taxes / insurance $165 a month.