Now I'm just a natural born fool so don't mind me any cause I never was good at math and I got a D in Numerical Analysis.Assumptions down and dirty street style:Management 8%vacancy 15% (or more)expenses 45% can't calc debt service as don't know price but now we are are 68% with out debt,470X4X12= GSI $22,500less vacancy/loss15%=$3375GOI=$19,125less 45%=  $10,125=NOI $7200less debt service= ??????

I've been in the Houston area since 2000 and have had the pleasure of living, going to school and working in numerous neighborhoods from the Woodlands to Katy to the Galleria, Montrose/Midtown and now the south side in Galveston County.

Our group is based in Kansas City and were involved in numerous transactions in 2013.

I suggest working with a team that is transparent about their renovations, operates in numerous markets and the property management team is not 3rd party.

Often this is expensive, as the wiring goes between the units in numerous locations.

I am sure all of these questions are covered in numerous blogs on this site.

I can tell you from experience, every point system can be manipulated.For example, the rep based system mentioned here has been around a long time in numerous forms.

The problem that you run into with owning property in numerous states is that each state will want you to file a state income tax return.

Whether you believe this to be true or not is irrelevant because others will perceive it this way as already stated in numerous previous responses.

I've found that prices are still low enough in numerous areas inside the City Limits that the barriers to entry are very low as opposed to the surrounding suburbs or cities like Austin.