Bureau of Labor Statistics and the Texas Workforce Commission shows:- Texas reached a new high with the largest labor force ever in the state’s history at 15,879,000.- Texas reached a new high for Texans working, including self-employed, at 15,222,900.- Texas reached a new high for nonfarm jobs at 14,343,800 after adding 4,600 positions over the month.- Texas gained 168,000 jobs from September 2024 to September 2025, leading all states and outpacing the national annual job growth rate by 0.4 percentage points.- The Texas unemployment rate held steady at 4.1%, below the U.S. unemployment rate of 4.4%.

Even if they make it work the deal is marginal at best so chance of partial to total loss is high and upside statistically is limited.

And the poor PM tasked to manage the property for very little money has to deal with constant repairs, tenant calls and other headaches and the realities of a property that is barley liveable and the challenges of finding a half way decent tenant, who still has a 30% statistical default risk just based on their credit score while you are pushing back on every repair in an atempt to actually generate some cash flow.

. :)Currently, I am a finance major and specialized in equity analytics and statistical finance.

Any return of principal- 10% would be a home run in my opinion.But that too seems statistically unlikely.

The prices have allegedly not moved and are very similar to last year statistics.

I would imagine Alan's assumptions are statistically the norm.

Emanuel, I have to respectfully disagree with your perspective.While operator experience absolutely matters, the neighborhood and price point themselves carry very real, measurable risks that should not be minimized.A $50K house is often located in an area with:• lower income tenant pools• higher turnover rates• higher crime statistics• fewer qualified tenants who can consistently meet screening criteriaThese factors exist regardless of how skilled the operator is.

Higher rates, harder to purchase a home if you are 1st time home buyer and per statistics this is still the main clientele out there, the supply chain issues will start to ease within the next 6 to 12 months. 

When the loss occurs, which it will in one out of seven times, the unsophisticated investors does not understand it’s merely the law of mathematics and wants to attribute something sinister to a statistically verifiable event.This is why as a sponsor - syndicator - fund manager I DON’T like the deals that allow the general public to invest.