@Puneet Mahi what about the required real estate brokers license to manage properties you do NOT own?

Realtors have likely walked through and done a broker walk through.

If the property requires rehab, the Realtor and/ or Mortgage Broker will suggest applying, for a FHA 203k Loan.

Another broker on the team onboarded this client and transferred them to my portfolio due to capacity issues.I have since realigned expectations with this client and addressed all of their concerns.

@Zach Edelman I appreciate the feedback and the broker info!

In fact, there may be other home service opportunities with quicker growth potential worth considering.Additionally, be aware that in Texas you’ll need a broker’s license, not just a real estate license, to operate a property management business.

Just need a good broker to help find you off market deals and know the area. 

I've been teetering around the idea of house hacking once I am done with college, but a big issue I have come across when speaking to a mortgage broker is the fact that I need to prove 2x of the mortgage in monthly income.

I can get you in touch with a great finance/insurance broker local to Houston if you want to PM me! 

I would check with Dennis Kahn at Homestead Mortgage or another popular mortgage broker here, Zach Starnes or there are several other lenders that can re-fi off appraised value much sooner than 1 yr.