To answer your 1st question, your monthly payment will likely be higher in a year but it’s quite possible if not likely prices are down and inventory is up in the near future so it’s kind of pick your poison.To answer the 2nd question with your budget you’d likely be getting a fixer in Riggs park/Brentwood, I’d look on the route 1 corridor in PG county (You can get a fully renovated single family detached homes in your budget.) 

You could also look in moco and possibly pg and nova (not sure) about getting an adu. 

As far as 203k rehabs it’s super hard to find deals with enough equity to make that happen right now however there are still some pockets of D.C. and western pg county and some parts of Baltimore where you can get some equity.

But so are the mental defectives who buy lottery tickets and pull the handles of slot machines.

It unhinges and the filter goes right at the return register in the ceiling instead of in the slot next to the unit.

I know there comes a point where you have to "poop or get off the pot" (using the PG version here) and there's a lot of learning with experience, but how do I know when I'm there?

These lenders can include:- Local Banks & Credit Unions (typically lowest interest rates, but capped to 25-yr ams and usually 3, 5, or 7-yr balloons)- The "Secondary Market Lenders" who are going to require a PG usually, but will offer that 30-yr fixed, as well as the ever-so-sought after 5 - 10yr Hybrid loans (I/O during first 5-10 years, then converts to a 20-25 yr fully amortizing loan [no balloon!]).

I bet there are other counties too in Texas that have methods where you can get these records for less than $1/pg.

I would not buy this park with the assumption that you will be able to fill those slots within a few years.

As your talking with someone, ask about the other slots you need to fill.5.