I suppose something more turn-key could be a good option, but haven't come across many viable options there yet.Anyways, we still have a lot more to learn and still need to familiarize ourselves with the area/market, but just wanted to pop in to say hi! 

Investing in the market that you have knowledge of and the economic factors that support it is necessary. 

Additionally, their marketing was very compelling.

Any advice on starting out on this in the Houston or Katy market?  

There is an much art as science in financial projections and numbers change with the market.  

So if this $330k puts them close to the limit, and the market makes a downturn, there will be a margin call.

One week into 2025 and the US housing market is facing considerable new challenges. 

I try to evaluate a unique property 2-3 different ways, then make a highly educated guess based on my knowledge of the market.

I also wouldnt let your mom go into 2nd position on an investment property with any sort of restructuring; it doenst sound like she's in a position to risk being wiped out.Overall, though, if you want cashflow on the new property but cant achieve that after a refi into a market rate loan, it probably makes more sense to just flip it, pay off your heloc and your mom, and use the remaining capital for the next deal.

As an investor, Columbus OH is a great market for LTRs.