Quote from @Catie Fihn: J Scott has a good one, and I would really get out to meetups that are local to your area...

If you could get a house that was suited to multi people living there, the student could be an interesting option to offer more affordable rents but perhaps end up more profitable over all? 

I'm in El Paso so feel free to connect if you decide to do anything here.

It might need to be amended to stay compliant- carryover liability from the old business (which might also affect insurance)I'm not an attorney so cannot give you any advice on these two potential issues.

Quote from @Matthew Khoshabe: Can you please share what lender and their contact information that you were able to get your deal done thank you The issue is not going to be the location nbut the loan amount - we can lend to non-us residents all day long but the loan amount is the issue - has to be above $50k

Hey @Drew Ballard, for a good photog, you should contact a few real estate agents in the area and see who they use.

With $150-$200 net, it doesn't leave enough buffer for maintenance / capex, not to mention the potential turnover cost, if your tenant decides to part ways after 1 year. 

If you ever want to chat and pick my brain, I'm happy to jump on a call some time to discuss the good, bad, and the ugly.

Happy to connect.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.