Feel free to respond to just one or all 3 if you like:1.

Higher if you calculate getting 3k of your 5k out of pocket back from the down payment.You try to get some, most or all of your money back from the down payment.

This is quite similar to a flip, and let's you come out the back-end with much of your investment capital (or all of it if the margins are wide enough).  

Your time here will be well spent.Since you didn't name a specific area of interest, I added the three most popular niches for your to select one or all while waiting for local connections.http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/ (house rental guide)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property) http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)Now that you have made the move, below are some links that will help with the navigation of the site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

Your time here will be well spent.Since you did not mention a specific REI area of interest, I added the below links from the three most popular niches for your review and selection of one or all, while waiting for local Nashville connections.http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property) http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)Now that you have made the move, below are some links that will help with the navigation of the site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

Are you looking in Pearland, or all over Houston?

My immediate goal would be a place that I can actually live (I'm not quitting my job anytime soon) and cash flow so that a duplex or guest house will cover half or all of the mortgage and i can live for free or close to it.

There are three attached town homes for sale individual or all together.

I have a couple of specific areas of interest which I am willing to expound on.Strategy: Buy and hold - single family or duplexesFlipsSeller financed or all cash transactionsWe can do a number of structures but ideally either seller-financed or all-cash transactions, with or without partners.Looking For:Potential partners and support network contacts.

The difference is that I am not angry, nor do I accuse them of being a thief or dishonesty.So, if you encounter a PM that is incompetent, dishonest or dangerous, by all means, shout it from the rooftops, post it here and everywhere, BURN 'EM, you have a moral imperative to warn others against real dangerBut if you think your PM, (or all PM's), charge too much, find another one or manage the property yourself.