Account Closed  yes those are the kind of notes I deal with.. much less red tape to the point of none.. that's why I like them .. plus I like them for multiple repayment sources...

Theres also this 2.5 m retail shopping center with under 50% vacancy that is ideal for some repositioning.

@Matt Hoiles, Getting a G.C license to do your own flips seems like a great ideal..., at first.

They they should ideally be liable

I guess it depends who your tenants are (an how well you screened them) - but for a young investor - it's a potentially ideal opportunity to learn how to manage a property that's easy to keep track of and maintain.I currently own and manage a property that's way on the other side of town, and managing something like this would be much more stressful for someone who's trying to learn the ropes - than it is for an experienced landlord.Living next to your tenants can (an is) less stressful than driving a long ways to your property - o - and there's the financial benefit of having tenants to pay your mortgage for you.It's the way to go IMHO.

Ideally your friend may be a bit more well off and would like to retire in something nicer than a $100k condo.

Also, justifies the quality of homes in Katy, Texas.Proximity to Houston: Because Katy is very close to Houston, one of the largest cities in Texas, Katy benefits from spillover economic growth, employment opportunities, and urban amenities, making it an ideal location for both residential and investment purposes.

Ideally I want to buy something in Florida that I can keep part of the property vacant for me to live in several months every year.

Ideally separate... 

Ideally this firm is well outside the specific market and won't be competing directly for similar work.