Purchase price: $130,000 Cash invested: $65,000 This was formerly a 2 bed (unofficially 3 beds)/1 bath, 1137sqft house that will be converted to a 3/2 with 1214sqft, an open concept, and a beautiful new design!

The big three areas (Huge cites several counties each) are Austin, Dallas, and Houston.Research each one....Houston is the most 'Southern" feeling of the three, Dallas is little bit Cowboy (Dallas Cowboys), and Austin is the State Capital and smallest, but not "Southern Feeling nor Cowboy feeling".Then there is Beautiful friendly San Antonio aka Bexar County...Visit all four and decide what's your favorite.Note these are HUGE areas, with several "Neighborhoods" that can be very different from one another in the same city as you would find in Atlanta--from crime holes to mansions and everything in between. 

Beautiful kitchen and bathrooms.

It may be frustrating to know that you'll have big ticket items coming, but consider it your version of philanthropy to the city.You take a less than beautiful home, and through quality ownership, make it a better part of the community.

If you are looking for speed, I wouldn't go with the huge Bank of America, Chase, or others. 

Beautiful backyard that backs into a government owned forest.

Beautiful backyard that backs into a government owned forest.

The beauty is that your tenants may be able to cover that "new, added debt" for you, AND, you'll have that liquid cash to start over..... but you better do those numbers carefully.or.... go with either of the plans you mention.... it all sounds good.

The beauty of RE is there is many ways to make it work, you just need a plan and stick to it. 

We have so many great draws in Redding, the most of which are the spectacular natural beauty around us.