Quote from @Cassandra Karn: So excited to be part of this group.

Houston in particular be vary wary of flood zones and any potential historical water damage from the frequent flooding / hurricanes of just a few years ago. 

This is a great place to learn and to connect with people so take advantage of all the great resources.

Because the Property Class dictates the Class of the tenant pool that the property will attract.

Sounds like a cash out refinance would be the best way to tap into that equity. 

The plan would be to move out after a year and rent my side out for $2,500 (market rent price).

What's the purpose of trying to get a loan when I have to pay that much out of pocket just to get it? 

There are programs with low to even no seasoning.With cash out refi's you're most likely looking at 75% LTV max for most programs and 80% for rate and term

I have set up a local networking group but admit that due to time constraints, I don't get as much chance to set up meetings as I would likePM me if you want details of the group, apparently not able to post details here.

Never heard of them, what do they offer you?