When I went over to prepare for a showing I noticed there was water damage on the ceiling and a bunch of tiles are busted in the kitchen.

Notice how virtually everyone in the thread has said 2yr lease has more cons than pros. 

We also use 60 days notice to move, and usually have them re-rented 30 days out, with high quality renters.

Hi @michele b. could you please share your lender with me in a private message??

Contact me privately about the credit issues.Word to the wise for future reference, NEVER fall for the old "you can refinance" trick!!!

I only need 10% down to purchase this property with private money and then refinance with putting minimal amount of repair money into the property.

Exception: if the tree was obviously damaged/diseased and the other party gave them written notice of it in advance.

I am new to the Houston, TX area and have been looking at some private rooms to rent/sublease and some landlords/subleasors don't require signed leases from tenants (just for them to pay month-to-month).

Does anyone have a recommendation for private/government statistics which have rental vacancies rate broken down by county, town or even neighborhood?

We could possibly pull out all of our money in this scenario, but more of the cashflow would be gone due to shorter term.I could also look at hard money loans here, just haven't explored that option any more than the 3 featured for my state on Bigger Pockets website.  7% at 30 years seems to be what is coming up.My partner and I would consider private funding or even giving up a majority of the deal to put none of our own money in as two other options.