Thoughts on townhome investment in Houston, 77081?

[Kai W.]

I have heard the major cons about investing in townhomes but this area is close to the galleria and med center. I am not as familiar with this area so I thought I would ask the group. The property is 2b/2b 1100 sq feet updated and would be pretty much turnkey once purchased. The listing price has been reduced significantly. This would be my first investment property purchase. The plan is to finance with 20% down. COC is approx 4% but I am relying more on the appreciation of the property overtime because of the location. I welcome your comments/feedback.