Houston Market Overpriced?

[Harrison Vann]

Hi. I have been analyzing deals multi-family and single-family in Houston for the past 1.5 months and made several offers. I have been looking in almost every zip code in the west and northwest Houston areas. Based on my research, I have found nothing that will rent close to 10% cashflow or even 8%. The houses that were close needed a new roof or had foundation issues because they were built in the 70's. Most homes I have found cover the cost of the mortgage and the capital expenditures. Has anyone had any luck finding anything via the MLS? I think the market conditions are overinflated currently.