They will also dictate the terms of the loan, how it's filed, qualifications, etc.However, if you mean PML as in your friends/family that have NO experience in real estate and just have money sitting around...then I would certainly to counsel you to lean on some type of mentor or other experienced investor in Houston on what to do. 

For rentals, they can work well if the HOA is investor friendly and cash flow numbers make sense.Financing can also vary, so it’s worth checking lender requirements for condos (warrantable v non warrantable) versus SFRs

Once you buy a few the deals start coming from all places you wouldn't expect.I met a business owner in town and became friends.

I always suggest finding an investor friendly real estate agent as they can be your gateway to all other connections!

It has been sold to Inspira.For those who are interested in some background, here is today's public Facebook post from  my friend John Hyre, the brilliant tax attorney well known to most real estate investors, one of the keynote speakers at every Quest Expo.

I’ve seen something similar with a friend in San Diego, who bought what he thought was a legal duplex.

I recommend you go visit a few times to network with local investors or find an investor friendly agent so you can gain local market knowledge, find off market deals and for things such as showings, picture taking or getting accurate comps.

I lost money for many years in real estate, while my friends were enjoying life with their savings.

Ask family/friends to help boost the listing (likes, saves, photo scrolls) or even book it at a friend/family rate! 

 I can't count how many times my friends have called to ask what to do about their leaky ice dispenser.