There are no restrictions preventing out-of-state investors from purchasing rental properties in Texas—these investors enjoy the same opportunities as Texas residents.Additionally, the financing restrictions you mentioned don’t align with reality.

When the home was purchased, it was conventional loan and the basement had tenants.

In short: $4.25M Purchase Price. 15% down. 3.25% with seven years remaining. 

It may be a little scary but if you go higher on your purchase price, 400k and up. 

The latest red flag is his belief he purchased a "fully renovated" property in Philadelphia for $115K.

Purchase price: $375,000 Cash invested: $30,000 This was a 2 unit that I purchased in 2016 for $375K.

With a purchase price of $250k, your rent is WAY too low!

Easiest way to do that is go to the top of this page and click on AGENT and there you'll be matched with 3-5 agents in your areaBest of luck in 2025!

I may at somepoint consider utilities like energy and water, and how I can become more self sustaining, purchasing stocks is one way I can make my money back, or obtain ownership in what I am spending on in terms of utilities. 

Quote from @Laurens Van swol: We are exploring the possibility of purchasing an investment property in Florida.