Without a homestead exemption on the property (only available if it is the owner's primary residence) the tax rate will be approximately 2.7% (I looked this up on the Williamson County Assessor's site and it depends on the MUD, Hospital District and School District you fall into) which would be $4,050/year or $337.5/month (this may not get reassessed until next year since it is a new build and this is assuming that you will get a valuation of only the $150k not the appraised value of $168k).

However, I have read some 'experts' that say unless you practice with your semi on a regular basis you are better off with the simplicity of a wheel gun.AdrianG: after you spend some time reading the many useful posts all over this site, you will see that some of us rent to low-income tenants where we are actively involved in cash rent collections, delivering eviction notices, chasing drug dealers and other undesirables off property, doing repairs at odd hours, etc.

If those projects aren't successful OR those changes turn out to be undesirable, you won't see appreciation.

Unfortunately those properties attract many "undesirables" too.

Yeah, that was clear as mud.

It won't here, but you could check your area.A couple of rungs up from what I call "the bottom" might be the best bet.Affordable, in town, so big tenant pool, but not fearing for your life or tenants who are too undesirable.

Every rehab we do, one of my first jobs before the wife starts painting is to hit all the walls with drywall mud and cover over the scratches and holes.

Appreciation was enough incentive to move to an undesirable neighborhood for newer home buyers in California.

I'm happy as a pig in a mud wallow & so is he!

SoBeREI,My previous post was about as clear as mud.