Taxes are super cheap as well in Buffalo.

But the way I see it is, don’t expect super high appreciation but expect solid 8%-10% caps because quite frankly the people make enough to keep up with rent BUT not quite enough to keep up with rents AND save for their own homes.

I super managed the property – income, expenses & loan - and took care of all maint. and mgt. issues (the water damage was handled through the previous owner’s property ins. ) and brought the occupancy to about 100% while raising rents about 20%.

As of late this afternoon I was still working on a super detailed rehab list that includes pricing for each category, then decided to send the other 3 items just so the bank would get something sooner rather than later; if they want individual pricing, I'll have it ready.

For smaller portfolios I would check out Buildium or Appfolio (fair warning, there salespeople are super annoying). 

Rob,Super excited for your new investment to keep growing your wealth for years to come!

From what I understand DFW market is super competitive, but that means that your average time from start to finish will be lot less then your annualized return might be pretty good.For example, you might find deals where you are able to make $18k in 3 months vs $30k in 6 months.

Plus super nice guy.

At first I thought I should buy for myself, but since I am single, and have a super cheap rent right by the water, I decided to buy and rent the property out.

I had to pickup a new wireless doorbell which was super easy to install, a floor register and drain cleaner.