Texas is not immune to a global depression. 

Rents raise every year which means that property will eventually cash flow, and might even cash flow big with the upcoming recession/depression we're probably going to see.

However- I think that this has (had) led to an artifically depressed housing market. 

I mean I dont know what you do but I buy at least 100 sometime 200 distressed SFRs in the US mainly the mid west deep south etc per year.. some come through wholesalers but most of them are OREO brokers that are super sharp .. some markets that are in areas of very low value assets or in really depressed areas will have a lot of wholesalers as the realtors dont want to bother with them.. but to say they are better  NO WAY NO HOW.The reality is wholesalers will take as much profit as they can get and pat themselves on the back if they can rip equity from sellers as much as they possibly can.. 

The housing market, generally, is extremely depressed from the lack of building we had for over a decade.

I also find it quite difficult to execute on single family houses in areas where housing is somewhat depressed, and homes sell for low prices in an OZ.

The income in the 60-90 days of ownership will likely be a little depressed because it takes some time to get a property up and running and people are less likely to book a property with 0 reviews.

@Adam NewcombYeah, 08-12 was all the same depressed period.

Luckily have a decent nest egg, barring major depression scenarios, I think I'll be 'ok' with a a few lifestyle cutbacks and I haven't worked for 2 years now.      

Did they tell you that you are buying at potentially the top of the market but might be selling in a depressed market?