If it were a short term deal as an investor I would expect a higher rate but 7% seems pretty fair for a long term deal. 

Agreed, in the short term it will hurt the market, but it will also filter out those that want to make a quick buck and think it takes 1 week to flip.It’s like a lot of industries.

The 3 we've short-listed are located in Killeen, Temple, and Elgin.

If you bought a property with the intention of renting it, then got an offer you couldn't refuse and sold it within a year it would be taxed as short term capital gains. 

@Wes Short Thank u and i will follow u advice

In short, if there's 6 or more adults living at a single family home, you're supposed to get a permit. 

.- Purchase a 2-4 unit with an fha loan- After one year, I can buy a 1 unit with a HomeReady loan w/ 3% downB)- Don’t refinance fha - Buy a 1 unit with HomeReady loanThe opportunity cost here is not refinance get fha and missing out on an additional stream of income from getting another multi.I just started with my research and I know there is more out there.What I highly suggest those starting out to do as a short term plan is- buy a 2-4 unit with the HomePossible loan w/ 5% down- after 1 year, buy another 2-4 unit with an fha loan with 3.5% down- after 1 year, buy a 1 unit with 3% downI heard this plan recently on the JF1401 podcast.

Since that time I have participated in countless training, Masterclass, Expert, and 1 on 1 sessions with short term rental experts as well as the LuxHomePro team.

  ( ok  this is a usual one but they usually decide before they put money out. )Applicant 4  Single mom (best one yet),  Mom discovered she had another kid. really! 

I’m going to keep this short and sweet, I’d be more than happy to talk with anyone on this topic, my cell number is in my BP profile.