If you can wait to list in the spring or early summer, I recommend doing so to enhance your buyer exposure.

The good news is that real estate can provide you with the lifestyle that you are describing: No 9-5, cars, travel, financial freedom, etc. 

The problem is I want to have a comfortable lifestyle and to travel.

However, the owner has made professional additions such as a 500+ square feet family room and a 500 square feet deck, which greatly enhance its value.

Ask yourself if spending several hours each week on your rental properties fits in your current lifestyle or future desired lifestyle. 

Partnering with a money investor could help to enhance the property's appearance and value.

There are advantages and disadvantages to both strategies when deciding whether to invest in-state or out-of-state.In-State Investing:Knowledge: You probably know more about the rules, legislation, and local market in your own state of Houston, Texas.Network: It's possible that you already know contractors, real estate agents, and other people in your community.The Ease of Management: Especially when dealing with daily problems, managing properties in your neighbourhood may be more convenient.Out-of-State Investing:diversity: If your local market is competitive, investing in a different state may offer greater prospects and diversity.Affordability: As you pointed out, certain states could have more reasonably priced real estate, which might enhance cash flow.Market Dynamics: There are markets with varying development potential and economic trends that you may access.Taking Out-of-State Investing Into Account:Investigate the target market in-depth, paying particular attention to employment growth, economic data, and local real estate market patterns.Establishing Networks: Establish a local network of contractors, property managers, and real estate experts.

I had heard as you described about if in same vicinity, if the homes were significantly different life styles that you could get 2nd home loan.I live in inland north county San Diego (Poway) and wanted a 2nd home loan for a San Diego beach property (mission Beach).

If you are new at new construction and have some ideas on what you want to do, like your plans/designs and what type of lifestyle you are willing to navigate.

You have control over NOI with both opex reduction efforts and revenue enhancements.