@Pamela Rivas Thanks for sharing this.

I was sent an offering memo by a broker selling a multi-family building in an area no reasonable person would even consider affordable housing material yet the marketing materials made a point of emphasis to detail how the property would satisfy the need for affordable housing.

You should reach out to @Melissa Haworth she can get the actual numbers/rents on STRs in the area to help run your comps.Each building is different, each area is different, it is important to find accurate data to make good decisions.

@Brian Dolbeare This is a "it depends" question for sure, but in most cases street parking is pretty common here.

AT MOST you rent it out for 2 years and then sell it but honestly you’re probably better off just selling it.Assuming zero vacancy and zero capex you’re going to make about $12k/yr.

Not able to buy in this area without going house poor.

Renovated it, lived in it for 2 years then moved on.

@Stanley Nguyen there really isn't a way around this.

In this case, the buyer does not pay the loan directly.

Is anyone still active in the Houston Area?