G'Day Alejandro,As a few have already mentioned, take a peak at Toledo also.In my opinion lower potential for long term appreciation but solid/"boring" cashflow.I prefer my portfolio to be "boring" but cashflowing lolLow entry points (Sub $100,000), high rents (Above the 1% rule).Blue collar working class decent folks that will stay and pay.Depending on the area but no derelict homes, yards well kept, cars with wheels and all tenants are employed.Plus, all are sophisticated enough to pay rent online so property management doesn't have to collect rents with bullet proof vests and shot guns lolI'm bias toward Toledo but it's worth considering.Wishing you much success

If you handle this without a professional PM, get referrals for a good eviction attorney and let them use the expertise.Good luck

Good luck.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

I said that was too high for me and offered $170,000. 

Based on the prices, now seems like it's probably a pretty good time to buy in Galveston. 

Considering the averages as you stated would be a good baseline.

I have seen individuals take a lien in the secondary position to decrease that downpayment, but you would most likely need to use a good lender who would be comfortable with and allow a secondary.   

Also please share any good reads on the subject. 

It’s also a good idea to consult a real estate attorney and tax professional to get the best structure for your needs.Best of luck with your investment!