http://www.har.com/content/newsroomHouston Real Estate Highlights in April Single-family home sales declined a fractional 0.6 percent compared to last April;On a year-to-date basis, single-family home sales are up 1.6 percent;Total property sales declined 2.0 percent to 7,583 units;Total dollar volume fell 1.6 percent to $2.01 billion;At $278,544, the single-family home average price was down 1.0 percent compared to last April;The single-family home median price rose 3.3 percent year-over-year to an all-time April high of $217,000;Single-family homes months of inventory climbed to a 3.6-months supply versus 2.9 months a year earlier;Townhome/condominium sales fell 12.6 percent with the average price up 4.1 percent to $206,832 and the median price up 7.3 percent to $153,450;Leases of single-family homes leapt 18.1 percent with rents up 2.6 percent to $1,811;Leases of townhomes/condominiums soared 26.0 percent with rents down 1.7 percent to $1,574.

4.What is your average turn time on repairs and replacing a new tenant and how long are your units typically down?

That said, the rules are around because on average, they are the safeguards for where profits fall.

I think that's conservative......I spoke to a handful of REO brokers and they tell me that REO inventory is running at 50% of average volumes.  

I spoke to a handful of REO brokers and they tell me that REO inventory is running at 50% of average volumes.

heres an average breakdown of my 2bed/1bath unitsmortgage+insurance+taxes = $575HOA= $180Rent/month = $1400I manage the properties myself.

I'd also like to get a few names/contacts of Miami portfolio lenders - ie local banks that keep their loans and aren't trying fit everything into conforming Fannie/Freddie or FHA products.

-Below average schoolsPros:-Corner lot-Very well maintained home.

That's pretty darn good (8-9 is average in most places).Have you considered doing an FHA loan?

Make sure to check comps in the area, especially considering their average renting figures.