All important things to consider.You also want to know what draws people ton certain markets.

It is important to get one on one time because you are basically interviewing for the house.

The most important things to think about when entering a deal are do the numbers work in your favor, location, location, location and protect yourself.

Because this is an "opinion of value," who you get the opinion from is perhaps of more importance than the number itself.

Plus, more importantly, you will want to have connections with many people to make your launch into real estate most effective.

So #1 importance in this whole thing is being 100% absolutely positive in the final ARV amount, confirmed by at least 2 different real estate agents and supported by at least 3 comparable SALES, sold within 3 months and within half a mile.

At only a 8% premium, this can be a VERY interesting leverage opportunity with little downside and lots of upside.It's important to note that this is an investor to investor transaction, not the same as doing a deal with a homeowner who may be unsophisticated with buyer intentions etc.

Nonprofit organizations, like H2O4TEXAS Coalition, have popped up throughout the state to help raise awareness, and adding your voice to their efforts is an important part of being an active community participant.

This is why it's important that your tax pro have ALL the facts in order to advise you properly.

They should be an important member of your power team as @Jeff Brown also mentioned in his recent podcast.