However, after Harvey, it is perhaps always best practice to put on flood insurance for Houston properties.

It takes commitment and learning, but it's not rocket science and I find it less risky than say house flipping (I'm currently in one of each deal, the non-performing note is going far smoother).

As a Florida Mortgage Broker and Investor, I know how easy it is to sell property FSBO, it ain't rocket surgery!  

Hello,I have diligently been working for the past few months on identifying a multi-family investment in Houston and I have finally found a good deal.

@Craig PoskusAs someone who has been in the tax business for 20 years (in Houston, by the way) - I can tell you: get a professional cost segregation study, as @Yonah Weiss and @Paul Caputo suggested. 

I plan on purchasing mf in the downtowns of the cities surrounding Houston, mainly those with a more “Americana” type of feel( white picket fences, 4th of July block parties, neighbors worship together, founding families are still around and they let you know it, high walkability score, families are out on the street with neighbors, doors are unlocked.....)It is tough to comp certain property because they might be the only type (or one of the only two) AND some of these towns do not allow any more MF to go up, so the MF owners set the market.

Also I'm a little surprised you're in Houston and haven't mentioned taking advantage of those super hot Texas deals.

Rent Hacking - Better than house hacking in Houston area?

I am trying to buy an investment property to house hack in the Houston area but I'm not sure if I should know what tenant I can attract in different neighborhoods first before deciding what area to purchase in...

I spent a few years adding to my rental portfolio in the '80s and only added a lot of rentals when the Houston market heated back up between '87 and '91 or so.