The current tenants are month to month and not interested in buying, and the existing mortgage balance is assumable (3.65%) for qualified buyers.I know it's a great house -- and with the assumable mortgage -- a great buy for someone looking to save with current interest rates sitting as they are. 

A good condo board should be saving money for larger projects as they are known in advance (eg every 25 years you need a new roof). 

Let’s break it down:Loan: $300,000Base Rate: 8% (P&I: $2,201)Buydown: 1 point ($3,000) lowers rate to 7.75% (P&I: $2,145)Monthly Savings: $56Break-even: ~54 monthsHolding long-term?

and if you don't have enough money to house hack in San Diego... save up until you do.and if you want to move somewhere else, house hack there. 

Quote from @Chris Lin: BackgroundI started my journey with REI Nation (formerly Memphis Invest) in 2019.

This lesser-known strategy could help you save money and reduce your monthly payments without the hassle and cost of refinancing.

Any advice on starting out on this in the Houston or Katy market?  

Hi Kevin,It looks like you have some money saved, that's fantastic.

Probably starting mid-year 2025 hopefully those are leased up and stabilized and then we're off to the races again in SGF.You could also just simplify everything and park it in one house in Highland Park. 

I suggest you start out by meeting like minded people and here is a link to a local meetup in the OC: https://www.biggerpockets.com/forums/521/topics/1225233-ocre...Good Investing...