The killer was R2 specs required 120ft frontage and the partitioning would have 100ft - - "for the want of a nail..."

@David Faulkner Sound slike you'd have to find a killer deal to get in there.

I know you want that first deal, but don't be stuck with a cash killer or worse a foreclosure.

I am on the hunt for my first investment property, can't house hack, I own a home.

I am originally from Philadelphia, I am now 35 minutes outside of Philly.

I found a few areas that are affordable housing, homes r...

They are deal killers .

Three week-ends shot to hell, and you're done.My point is, I'm assuming you've done your due diligence and have determined that you're getting Killer Deal on this property with help from the FHA.

The house seems pretty solid, so I'm not expecting a lot initially, but I know underestimating here can be a killer...Yes, I was thinking about getting a sub-meter installed and charging a flat fee and potentially providing credit or fee based on whether they are significantly under or over the usage, but I don't know if I want to spend time each month gathering the numbers.  

I really like Overstock Builder's Depot on the corner of Hamilton & Trent, have found some killer deals there. 

WIth a fully leveraged house and PMI, it's impossible to make money or even break even on a property unless you got a killer deal or it is a killer multi-family deal.  

it is for the reasons described above were I think Texas is a very difficult buy and hold market.Tax's are just a killer to cash flow.. in most other markets your tax's would be about half.. once your homeowner exemption goes away how high  will they go.Also in my experience there foundations go wonky over a course of time so your putting 3 to 5k into your home to keep it level.. etc etc etc.but for ease of running it..