I own 2 properties successfully and looking to acquire more to build my financial portfolio and to provide quality homes for those in need. 

A little background, I have no experience in real estate other than knowing I wanted financial freedom and I knew this is what I wanted to do.

To determine if this property is a reasonable first investment, consider financial position, market knowledge, and market research.

Even if you purchased the investment property first, at least you would have the cash flow & equity of your investment property (wouldn't recommend purchasing at market value in this market) to improve your financial profile and increase your chances of being qualified for a primary residence loan, instead of the other way around.

Despite obstacles like as vacancy and rent gaps, Houston's robust job market and low real estate costs make MTRs financially viable.Good luck!

@David ChanceI recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

It's essential to evaluate coverage options carefully and consider consulting with a financial advisor specializing in real estate investments for strategic insights.

@Anthony PerezRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

They were working on getting the property financially stabilized and the development planned before taking a big hit during COVID given their large portfolio of retail.

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