Could there be development plans to improve the nearby F area? 

I have 1 in Brookline but I'm looking into getting another one nearby now that my ratings are strong.  

I'm not qualified to say anything about foundations or but if there is a creek nearby the water is draining most likely towards that.. might never be a back yard you could fully use.. if water table is that high.. you can only drain water to edge of your property line if it doesn't go further.. your stuck with a puddle. 

It turns out you have local investors near by.

Keep it in your wallet or somewhere you'll always have it nearby.

It's all new, growing rapidly and Savannah and HH are nearby.

Great to have you @Marcus Durant You can build your local network by connecting with nearby members here https://www.biggerpockets.com/meet

1) Current home (to convert to rental)Bought for $245K a few years back, monthly PITI of ~$2,000 per month (3.125% rate 15-year mortgage with 20% down)Can fetch fair market rent of ~$2,000 per month once we move out and put on rental market; with some vacancies and maintenace built in probably more like $1,500 per month in net rental income per monthGreat neighborhood in NW Houston suburbs with lots of nearby commercial/retail development as well as excellent 10/10/9 schools, so good price appreciation potential2) Target purchase home (to move family into)Looking to buy ~$175K home, much smaller square footage, with monthly PITI of ~$1,300 per month (assuming 4% rate 30-year mortgage with 20% down)Probably will buy in same neighborhood given great schools and retail developmentEssentially, I would gain $1,500 per month of rental income from the old house and assume an incremental $1,300 per month in PITI from the new house, so this would seem to help me generate some income

You might not be able to rent for $1300 in your area (actually you can - my sister lives nearby is how I know), but that doesn't really matter if you can buy a house for $50k that rents for $1000.

We had one come available nearby through a wholesaler recently.