Figuring out the true cost will heavily depend on the type of dig down, depth, and total square footage. 

I have been told by many any raise under $50M do a reg c exemption and $50Mmis the cutoff for a reg a+ and $100M for a reit due to setup costs.

My thinking immediately turned to researching local rental costs per square foot to determine income potential with triple the current square footage.

This allowed our partner, Jamari Sprueil, to move forward without any upfront costs.

Houston's diverse, and the real estate market is buzzing.Check your budget, how much risk you can handle, and what you want from the investment.Montrose, The Heights, Eado, and Museum District are buzzin' with mid-term rental potential.Research the neighborhoods, check the rates, and do the math on costs before diving in.

By the end of 2 years, I could save 50-60k for a down payment, closing costs, and reserves. 

The stone elevation can be expensive but will really move a house quickly with the added curb appeal.Some things I like to add for not much extra cost..

Purchase price: $15,000 Cash invested: $25,000 Sub to deal - paid the seller and wholesaler $15,000 + $7500 closing costs to assume $84,000 mortgage with a monthly PITI of $575.

About the same as if you rent it, less costs.

This also leaves me with $3,750 stuck in the deal (not including financing and closing costs, which could easily add another $20,000).In total, if I had to include closing costs and financing costs, I’d have about $23,000 (if not more) tied up in the deal and lose close to $700/month before accounting for expenses.