Emerging hotspots include suburban areas like San Antonio’s outskirts, Fort Worth suburbs, and cities like Temple and Waco.

Make sure you have adequate reserves to cover unexpected emergencies.3) Time-intensive - If you live on-site you're a live in property manager on call 24/74) Legal issues - know the max occupancy laws for your area.

Looking to knock out all credit card debt early next year and rebuild the 6 month emergency fund.

I’m exploring emerging areas like San Antonio, Houston, Austin and Dallas.

We have some cash savings in the ballpark of 10k ready to invest today not including emergency fund and other savings, but that number is growing thanks to a recent bump in income.Now for the pros.

You'd be better off building a solid emergency fund and developing relationships with reliable local GCs.

@Guenevere F. you're going to need 20-25% down to get a mortgage.If you target $100k, that won't leave you any funds for closing cost, maintenance or emergency reserves.You could try targeting around $80k, but the $16k-$20k down payment would still not leave you with enough.If you buy under $80k, you're probably buying such a low-end property that it is unlikely to meet your performance expectations.

Maintain an emergency fund5.

We do currently have around $50k set aside for our next downpayment as well (that’s in addition to a $25k emergency fund).

Do you have enough funds for down payment and closing costs + emergency funds 3.