these are just a few.Do they have all of the security depositsLook at least 2-3 years of P & L statementsHas this owner that is retiring been involved daily and holding the owners hands, or does he have a staff to handle day to day?

Every property is unique and you can somewhat calculate capex in todays dollars. 

And wouldn't you know as soon as I check the mailbox today I had at least 10 offer for credit cards so maybe God is telling me something.

This house is back on the auction today.  

Paying $110K over 10 years is less than paying $100K today..(.as J.

But it's a delicate line in today's mortgage lending world.If you are interested, I could send you some more info about the HECM loan. 

Obviously because of the distance, you need a property manager to handle the day to day, but you regularly are in that town to stop by if needed.Say the cash flow is there as well, so that isn't an issue.

I drove by today and the place will need a new stairs and new roof.

As for where houston goes, Im not the pessimist most are because even at today's supposed market peak, we're still seeing homes for sub $400/ft in the best areas which is incredibly cheap vs the other cities in the top 4 of the country population wise: NYC,LA,Chicago.

Now a days the market interventionists/regulators either out right ban net listings (by real estate brokers) or spread the word that any broker using net listings will attract the regulatory compliance crowd, effectively killing this option.