Craftsman bungalows and historic homes are in high demand.Key ROI Factors:Homes often need cosmetic updates, not full rebuilds, making renovation costs manageable.ARV is climbing as retail, restaurants, and parks continue to develop in the area.Pro Tip: Focus on properties within walking distance of hotspots like Five Points or Riverside Village for a premium resale value.2.

If the numbers are close than you are in the ball park.

Or cashing out and parking the money for a while.

Issues to think about are shared walls (if you're renting to nurses they need QUIET in their off hours), parking and how easy it is to get to/from work in your area.

I have no units in South Park but 1) 3 of my 4 STR units had significantly higher vacancy than 20%.  

By the way, the park is in Silsbee, TX and the house will be moved to another property in Silsbee.   

SpaceX now has a rocket testing center right outside of Waco, Amazon is currently building a huge distribution center in Waco, and BSR Surf Resort & Cable Park built the #1 wave pool and cable park in the world, making Waco an international surf and wakeboard destination.  

You could be a private investor for a house flipper, but then you would be the bank and I am not sure how that would sit with your faith.I would park the money in index funds if you can't do syndications just because you are restricting the possible use of your money in real estate.

I live in the Austin area and have one rental property in Cedar Park. 

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.