"The housing market" is too broad a brush to paint with. 

So my goals for investing are fairly broad as of this moment but to sum it up I would like to get into buy and keep rentals.

You can only evict if there is a serious criminal act that threatens your life or that of other tenants.That’s a pretty broad window.Read More here.....https://www.theorganicprepper....

@Matt LyonsYou painted Texas with a very broad brush. 

Personally with a two year time horizon I would put about half of it into a broad market index just for fun.

That's a very broad question @ABHAY N DIVRANIYA but here's some of my advice:-Figure out what your real estate investing strategy is going to be (flip, buy and hold, house-hack, etc.)

The ballparking of 40% for expenses thing is too broad.

Either one produces the same result: must be capitalized.Now, we can look at Sec. 164(a)(1) that has a very broad vague statement that allows a deduction for     (1) State and local, and foreign, real property taxesI assume that your interpretation is that this clause makes property taxes paid during the initial rehab of a future rental property an exception to the general requirement to capitalize all expenses before placed in service?

@Alex MusyokaIf you’re looking for a broad overview of a town, try out bestplaces.net as a starting point.

RENT ROLL is $32,650x-5% vacancy = $31,017....But look at the due dates they are old so this rent roll is not current.Again look at the offering memorandum: The actual Annual Operating expenses are $147,872/12 = $12,323.Closing costs As a broad rule of thumb closing costs usually range from 2-5% of the purchase price and include things such as loan fees, discounted points, appraisal fees, title searches, title insurance, surveys, taxes, deed recording fees, credit report, etc I calculated it at 1%.