Quality of schools, crime rate, median household income, tax rate for property, tax rate for tenant's income, ratio of rent vs purchase price, proximity to employment, proximity to shopping, proximity to public transit - that's just a partial list, and in some areas some of those are less relevant. 

(If you have a house don't worry about paying that off yet, I'll give you an idea of what you can do about that in a bit)2) once all your debt is paid off, start saving money, you save money by only buying what you need NOT WHAT YOU WANT, so you NEED hygienic supplies, food, clothes (but only once every 2, 3 months making a budget on that of maybe $100 to $150 per person in the house hold) you need gas, utilities, rent or mortgage ect.. you DON'T NEED for example if you have cable with HBO do you really need Netflix and do you really need to go to the movies every weekend, do you need to have all the movie packages that the cable company offers??

Thought everyone might be interested in this look at changing trends in the housing market and the increase in households who are renting across the income and across the demographic spectrum. http://www.washingtonpost.com/blogs/wonkblog/wp/2015/06/24/how-renting-became-the-new-homeownership/?

Clarification- its my first end to end comprehensive investment deal. 

Had a potential 4 night renter tell me I must accept his wife's dog because it was a service dog, even though we advertise as an allergen free, no pet household? 

Hi all,I'm a part-time attorney in the Puget Sound region; I've never bought a home and I have fairly comprehensive construction skills from years in carpentry.  

Median household income in Missouri City in 2012 was $84K and in Sugar Land it was $113K.  

@Alma MillsAs long as the applicant has stable job history, verifiable income, and good credit, I think you'll be fine - especially at this price point.Most of LA is paying the highest % of their income on rent compared to other Americans.Renter Households Paying More Than 30 Percent of Household Income Towards Los Angeles Has the Most People Paying an Insane Amount of Their Income Toward Housing

If it is in C or D markets or an older building, make sure you do your homework on the demographics, household incomes, and historical values (especially when the market dropped). 

I have to say that the Propertyware demo seemed the most comprehensive, but that doesn't mean its the best.