Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

We saw neighborhoods revitalized when the city allowed for more mixed-use and multifamily projects..

Because it will be very hard for you to know if he is selling you a deal in a good neighborhood, in good condition, and then placing good tenants.As others have suggested, see if there is a syndication deal that fits your investment goals.

I understand home designs are pretty expensive, and cannot just be applied to any lot/existing neighborhood.

What you are asking for is called venue shopping.

It's only nudged up by about a hundred bucks.Speaking of neighborhoods, many investors flocked to Center Point.

As I was juggling things at work, I could take an hour lunch to shop rentals, something I couldn’t do with a distant market. 

He honestly is a one stop shop. 

Start with neighborhoods that have stable rental demand and long-term appreciation potential.

@Jermaine JohnsonTo succeed in the Houston market, network with professionals like real estate agents, contractors, and property managers, leverage local investor groups, understand the market by researching neighborhood trends, supply and demand, and zoning regulations, use market data and tools, and start with a focused strategy based on your goals.