The system must work, because folks do it I guess......  

Spend the extra coin and get higher class neighborhoods, skip the rough areas.

There is a group of folks getting together in Cheyenne.

Hi folks,I am a new member to the site and 1st time investor.

I am not making it a bedroom, just an extra room for an office or whatever the renter uses it for. 

Then I didn't know if it was appropriate to charge $1 for 10 years or if asking for like $250/yr per acre was reasonable.Anyway, it seems extra challenging BECAUSE there's no real money in it and because its pretty flippant.

I found one on the local craigslist that I could afford, and I'm thinking about buying it with the intention of renting it out, and using the profits from that to offset my own living situation (kinda like a duplex house hack but with 2 separate houses), or worse case scenario I could just live there and the lot rent plus utilities would be less than what I'm currently paying, and I could have roommates for extra income.

@Nolan D Frese a buddy and I host a BP meetup once a month for like minded folks to deal swap and discuss investing strategies.

Or rent out an extra bedroom in your personal home for a little bit to get cash.

@Jermaine Riggs   Remember the 6PsPrior Planning Prevents P*ssPoor Performance There are steps that you can be taking today that will better ensure you will be able to qualify for the best of terms on your purchase in TX.1. have a Mortgage Broker run a Tri-Merged MORTGAGE credit report and pay the extra $15 for them to also run the "What If" score increase simulator to know how best to pay down debt in the interim2. start eating MREs and saving like a maniac until you close as the more money you can show in reserves Post-Closing, the better the programs you can qualify for.etc,etc,etc,