Now, moving forward he offered for us to take it over completely.

It is 7% interest only with balloon at end of 7 year term.Monthly Interest: $7,875.00Annual Expenses: $50,000.00---------------------------------The NCF in year 1: $26,000.00+2nd year is when it really takes off at $80,000.00+ Thank you for the advice on looking at refinance a bit closer.  

So what kind of property would it take for you to increase your cash flow by $2000 - $3000 a year. 

Start small, focus on building relationships, and take advantage of Conroe’s growing market to achieve your goals.Good luck!

Particularly looking for an investor friendly agent able to take on house hacking clients in NYC and LI

I would really take a close look at their CMAs. 

Thank you so much for taking the time to respond.Here’s where I’m at in my journey:I don’t plan to rush into purchasing my first property.

Comps do not lie, if she pulled similar ones then that's what it is but if the agent did not take into account the bedroom and lot size that would change the value.

If your market is tight it can often take a while to find the right property.

If they are taking the risk of borrowing they would want to charge you a premium for the risk they are taking.