Anyway thanks for your comment.

I can't comment on the Houston market, but I do a lot of investing in Detroit.While I haven't personally gone and confirmed it, folks are citing the same thing happening there.

AH ok, for some reason the picture didn't populate before I first commented. 

in my experience, if its a "average sized home" i take that as a 3/2 or 4/3, 4/4 etc that number of 30k is very close. 20k low end, 30k high and of course you can get stupid beyond that.cant comment on the financial return as to much missing info as others have said but if it rings true of 1k per month, potential 3 year return is accurate 

Someone questioned her on the comments asking about net rental income and she didn't respond.

Let me know in the comments! 

Thank you all for your comments and insights.

wanted to comment on your credit score comment.. 

Thank you so much for commenting, this helps a lot!

I'm sure after the Sept and subsequent rate cuts we will see a few lenders get down to the high 5% with no buy-downs, but even still, it's hard to beat up to 0% down (no PMI mind you), with low rates and 2k towards closing costs, regardless of the loan type since I'm going to refi in 5 years anyway (whether I do conventional or ARM).Thanks for your thought-provoking comments, Brian!