The IRS has consistently shown that it is suspicious of deed transfers immediately prior to a sale. 

Once perceptions of locals change for Frogtown the prices will go up quickly.Unfortunately the current interest rate increase from the fed and the 4 more expected increases may put a damper on MF properties in the near future.

Homestead properties are capped st a 3%/yr value increase, along with a $50k exemption.

Have you looked to see what the terms of the lease are and are you allow to use a home inspector to verify any immediate repairs?  

I understand there is a shortage of supply on the market in many of the areas but can we continue to see an increase in prices within the next 2-5 years and are these prices sustainable? 

Plus, you have an increase in liability the more people/stuff you have on the property.

That being said, please do make sure that you're not borrowing from the credit cards and that you have the funds to pay them off immediately.

Increase your networking with and marketing to local absentee owners who manage their own properties.

Eric Hassfurther I used to live in DFW and if you buy there just be aware of the Miller property taxes and increased chance of hail damage as well as the common foundation issues.

Or try out the "blue sky" rent increase to earn $200 more per month?