pid=2114Houston Real Estate Highlights in August, 2024:• Single-family home sales declined 8.3 percent year-over-year• Days on Market (DOM) for single-family homes went from 43 to 47 days• Total property sales were down 11.2 percent with 8,730 units sold• Total dollar volume declined 8.8 percent to $3.5 billion• The single-family median price was down 0.3 percent to $336,940• The single-family average price rose 0.9 percent to $421,912• Single-family home months of inventory registered a 4.5-months supply, up from 3.2 months last August• Townhome/condominium sales continued to decline, falling 16.7 percent, with the median price statistically flat at $226,000 and the average price declined 1.2 percent to $258,952.

Feels like I ought to find something in between in the right market - by that I mean a gem that doesn't need major structural repairs, and luck out on a contractor etc. 

1.67% seems high (NV is 0.87%, CA is about 1%)  Are there area indications that rents will continue to climb because of shortage of supply?

That means the structure AND the land.

Are there any ways to structure the purchase to where I can prove to future lenders that I’m not directly responsible for that debt payment?

So much better than others that the US was exporting ventilators, masks, medical supplies to rest of world.

Wholesaling and Assignments: If you're in wholesaling, structuring the deal in a way that the end buyer covers most of the EMD could be another strategy.

If you need help structuring this, I can assist.Best,Drago

Did you supply the ac unit?

Supply and Demand Dynamics Impact: Rent control can reduce the incentive for developers to build new rental units, which may limit housing supply and affect demand.