Obviously there is an opportunity cost to that money and I should have some amount of cash available.   

A track record of success opens up new opportunities that are otherwise unavailable to rookies.I currently own three rental properties in north Texas (DFW); 2 single family homes and a commercial property that I rent to a guy that uses it as a small appliance repair shop.

Hello.If I have a opportunity to invest 10 K in a home and get on Title as well a % of equity.

Be sure to watch/listen to all of the podcasts, those are an excellent source of information and the BP books are a huge help as well to learn as much as you can to be ready to buy when the opportunity arises.

It's plenty of opportunity here with multifamily.

Obviously Lacy Lakeview isn't exactly booming but there is industry in the area (not counting L3 and I'm not really wanting to lease to TSTC students unless they have a family) but I have the opportunity to invest in some homes there.

Are you looking to buy turn-key properties or create these opportunities yourself?

However taking a few of these actions can help your chances of being ready when an opportunity arises.John

There are many opportunities for investors who hook up with property managers/ marketers who are experts at marketing.

Let them know you will have to do the official inspection after they vacate but this is a great opportunity for you to identify problem areas they may be charged for.Finally, the move-out date will pass and you have to determine if they are out or not.