If you mean security backed by collateral, you are correct.

The home is a 3/2 in a great neighborhood next to the community pool, park, and playground and located just south of beltway and and I45.We are new to the midterm strategy and trying to figure out what the demand is and the pricing. 

Timing and location critical Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The online eFile providers can do it for you, sometimes for free.Warning: Email is NOT secure, and you will expose your contractors to unnecessary risk of identity theft.

They can take time with their search and be more selective about a property’s location and condition.

Opportunity in fantastic location How did you find this deal and how did you negotiate it?

Best approach is to have your "team" set, before going out to secure properties. 

@Ronald RohdeThe property is located in TX, near Houston if that matters.

Since comps are limited, analyze similar nearby locations to estimate demand.When pitching investors, focus on a clear business case: expected income, expenses, occupancy, and ROI.

There are many people on this site pushing those locations that have not historically kept up with inflation.Btw I advocate all newbies start local even if their local market has not kept up with inflation.