But, ultimately, it could work if you don't mind a low ROI.It could make sense if you look at a lifestyle rather than an investment purchase and you're just happy to cover your costs.

I am just worried this might be a mistake as it as a high cash flowing property and my mortgage rate is a low 3.125%.

They moved out in 2020 when interest rates were super low.

.), which satisfies the "just wanna flip the standard channels" crowd.

I have no doubt he'll transform this entire corridor in the coming decade so I'm also looking closely at Hornsby Bend, Del Valle, and anywhere in the general vicinity.These are my top two areas where you can find low entry price points relative to both current and anticipated market fundamentals.  

If you have a 9% rate and you need to get down to the low  7s and cash out, then maybe it could make sense.

He does 65% leverage maybe 70% but doesn't matter how low purchase price is. 

Real estate is a very capital intensive industry and if you do not have the money the odds of success are very low - it is no different than starting any other business - how many people do you know are successful when they start with zero?

Rates are pretty low, maybe $30-50/night.

Most here say Section 8 or low income is impossible, but you are talking to someone who has ran it for years.