I plan to expand my knowledge with the virtual mentors I hope to gain here, and share my experiences as well as meet up with local Houston RE Investors.I'll let you all know when I get my first green house on the board.

Did you follow ALL of their suggestions, do the short term furniture rental, etc.?

They pay between double and nearly three times market rent which is great - but LL pays for all utilities, furniture, etc.I'm trying to brainstorm ideas for reducing costs in these units - any thoughts?

The basics are the same regardless of the type of property but the scope of the project will determine additional due diligence and securitization issues of private property that may be included, such as a laundry facility, pool equipment, club house furniture and fixtures, etc.The seller may want an offset provision for rents on the note which would be common as well.

That means you have buy furniture, linens and kitchen furnishings you wouldn't in a normal rental.

Yes, condos are not without their challenges, but I find most of those issues vanish if you stick to higher end condos and stay away from low-income units that virtually resemble "The Projects".

We even removed all the staging furniture 3 days ago.

Then again, I also do my own book-keeping, lay floors in my flips and rent U-Hauls to move my own staging furniture, so I'm probably not the average investor.

THEN show the apartment.5 Understand it is virtually impossible to have zero vacancy so adjust your expectations and business model accordinglyYou will have a vacancy period, but vacant is way cheaper in the long run than a bad tenant.

For anyone doing more than a few deals a month, this virtually requires a team of at least one to acquire and one to manage the rehabs.2) Until recently, prospecting has been focused.