I closed today on a property that after my rehab costs will rent for 5.78% of my total cost (but this one is a duplex).

I've self-managed two properties total, but one was an easy-to-manage white collar condo type deal, and the other is still in my property--a friend, so no hassles there.I've never self-managed in TX, nor do I know the laws/in/outs, etc.

Honestly the only house that needed work was the foreclosure.I forgot to mention, as we do conventional financing.

I totally respect everyone's opinion and do not want this to turn into a political discussion, please.

Total numbers are being thrown around, but as Tom Goans stated alluded to before, what ranks/seniority levels will be targeted and by how much.

I could do three deals for a total of $90K borrowed and still have less risk than the other investor.

I ended up borrowing on five different credit cards for a total of $170,000 and put that money in that bank.

There is, however, a 3 property rule, a 200% rule, and a 95% rule that limit either the number or the total value of the replacement properties that you can identify as replacement properties.

On my last retail flip I used an agent to sell and it was totally worth it.

I forgot number 4!