Finding quality tenants is crucial for generating consistent rental income.

The issue becomes if I leave, the proerty doesn’t generate positive cashflow.

For rentals, focus on properties that generate solid cash flow after covering mortgage, taxes, insurance, and maintenance.

This leaves me to consider mid terms rentals as a way to generate above average cash flow while having a reasonable amount of management. 

You now have a higher-value property that is ready to rent.Rent: Once the rehab is complete, rent out the property to generate monthly cash flow.

For instance, a beachfront condo with a spectacular, beach view from the living room and balcony, priced around $600K, only generates a gross income of about $50K.

The education and health services sector alone added 23,800 jobs in the past year, reflecting a significant expansion in these industries, particularly in healthcare and social assistance​.Proximity to Major Employment Centers: Greater Heights offers convenient access to key employment hubs such as downtown Houston and the Galleria area, which are major attractors for residents due to the short commute and abundant job opportunities​.Education: Nearby institutions like University of Houston and Rice University contribute to the area's appeal.Infrastructure Projects: Ongoing developments like the East Blocks Redevelopment and BioHub II at Generation Park enhance local amenities and attractiveness.Investment InsightsGreater Heights Rental Market Trends:Single-Family House Rentals:Median Rent: $1,350 for 1 bedroom, $2,695 for 2 bedrooms, $3,250 for 3 bedrooms, and $6,100 for 4+ bedrooms​​.Stability in rent prices with modest YoY increases: 2 bedroom rents increased by $195, and 3 bedroom rents by $250​​.Median Sold Price YoY ComparisonApartment Rentals:1 bedroom apartments saw a YoY increase of $305, 2 bedroom apartments by $667, indicating strong demand for these unit types​​.Available Rentals:High availability of both house and apartment rentals, indicating a robust market that can support new rental investments​​.Sales Market Trends:Median Sale Prices:Significant appreciation in home values, particularly in 1-bedroom homes, which saw a 190.7% increase from $215K to $625K​​.Other bedroom counts also showed positive appreciation, e.g., 2 bedrooms (5.3%), 3 bedrooms (6.5%), 4 bedrooms (17.4%)​​.Market Activity:Increased number of homes for sale and sold, suggesting a dynamic and active real estate market.

While you might not build as much equity as you would with a fixer-upper, you can start generating income right away.

You can obtain lists of homeowners from various sources (like public records or lead generation services) and then make calls to inquire if they’re considering selling their property.

My goal is to generate cash flow, no knowledge on how to increase the NOI, no experience in house flipping, just some cash from inheritance.