@Kelton Johnson  and were you live.. there is Hail and wind damage and your deductible and foundations.. every deal I have funded in your town had or has major foundation issues.. its not if its when .. and of course none of the location turn key companies mention this pesky reality of owning properties were you have major expansive clay soils.

A topsoil screen , sell topsoil , if its sandy , screen sand , if its rocky , sell stone .

American soil. 

From my understanding it is not uncommon in Texas to have foundation repairs due to the rough, dry soil that can shift (would love perspective from any DFW investors).

All that weight its transferring from above needs to go into a solid bearing point in the soil via a properly sized concrete footing.

I  was born in an RE   family In South America most transactions are in cash or short owner finance,unless you buy a new apartment ,you used to pay it like in 40 month or so IOW , you buy when you have the moneyIn America is scary ,that you can buy a property and not having the money, you can make it, or you lose everythingYes, its very exciting the idea that you can buy with no money, or little money, pay with the rentals, But math and reality are 2 different realities, sometimes, you can't rent  it out , you have unexpected expenses, or an huracain or a Sandy, or bad tenants that don't pay and then they destroy the houseI laugh when someone talks about an 100$ cash flow, like thinking that everything is plain mathit's not for everybody, you have to be very organized and consistent and luckyand in this 5 % who buys " How many people make money?"

@Carlotta Hall the 4 limit sounds familiar, but I think the real line in the sand is 10 loans per person.

I am looking at purchasing a 3 story townhome in Irving, TX, which is known to have shifting and expansive soil.

Quote from @Sandy Morales: Hi fellow BP partners!  

@Sandy Tan you'll want to only put 20-25% and get a mortgage for the rest.