Several of the owners and I have discussed the idea of setting up a HOA to improve neighborhood conditions, and improve desirability, etc.

In addition, it may also illustrate which assets have a higher chance of reverting back which means you simply need to go find the real estate agent that will be assigned to the REO post FCL auction.

I play golf at Friendswood when I get the chance.

I would stick with it and chances are you will sway from it some anyway as you gain experience and have random opportunities come at you.I disagree with Ben's advice about not getting the license.

If it's zoned single family and the inspector believes that it's being used as a multi-unit, there's a good chance he won't pass you on the inspections/CO.

I'm talking about property that had no chance to cash flow at $50k - 1950s built gang infested, falling apart where owner pays all utilities.

Can the Subject property be updated/improved and will those repairs help capture more dollars in the value range of the neighborhood?

I would recommend connecting with Jerry Puckett if you have a chance.

The reason I am keeping a rental despite my preference for flipping is due to the fact that by having some passive income flowing in, it's easier for me to keep a rational head when identifying deals since i am depending on flipping and doing deals as a full time job and sole source of income.Without some source of income, I get antsy when I haven't flipped or done or deal after a long period, increasing my chances of making a mistake.

The spotcrime website seems to be a good one too.I wonder if there are any good places to identify trends over time:- quality of schools - improving or declining?