New home investments in Houston market

[Sesha Bhojanapalli]

Hi Everyone,

I have put down earnest deposit on couple of new properties in Magnolia (By Lennar) and Porter (huge golf course and lake community built by David weekly); 

I visited Houston and found out there are so many properties in the area currently being built by many builders.

Questions:

1) Can someone local and in the investment business, please tell me if I will get steady rental income?

2) How does the future growth in this areas look like? what is the sources of income for many folks in these areas?

3) As this is a newer property, how many years should I buy and hold the property for?

Thanks in advance.