If the unit is already furnished (or you have a budget to get it ready) and allows STRs, it may change some things.

We're willing to live almost anywhere in the greater Sacramento area based on what we can afford, provided of course that the property is in a decent neighborhood that has a good chance of attracting responsible tenants.As for budget, I believe we could get a conventional loan for properties up to $600k, but my strong preference is to find a distressed property (or seller!)

If you have the budget for repairs if you rent it out, definitely rent it out!

I think working with an architect to build something really unique and custom is always the best move if you have the budget for it.

Either be super budget, or be something unique or high-end. 

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.

Who is monitoring budgets and spend?

Eliminate debt, establish a budget, and save.

I would budget maybe 20-30k depending on how far you are going down.

Hi Tio, I don't think hiring a professional designer is wise as it will cut into your margins and sounds like you have a tight budget.