The location (schools, restaurants, crime, etc) is decent but nothing too promising in terms of appreciation (3% annual average) Here are the details: Purchase price: $170,000Rental Estimate per month: $1500HOA: $1000/yrInsurance: $1100/yrTax rate: ~3.4%I assumed the following:I use a 20% downpayment on a 30 year fixed conventional loan w/ 4% APRNew build so warranty is covering most things so minor, if any, maintenance will be neededTake into account 1 month of vacancy per yearTake into account annual broker fee to list of one months rent~5K closing costs~2k in appliance purchasesResult: Assuming rent range of $1500-$1550/month and assuming 1 year I wont have to pay the broker fee to list:From my cash flow analysis I am projecting to have positive cash flow of around .02%-2.1% per year. 

The location (schools, restaurants, crime, etc) is decent but nothing too promising in terms of appreciation (3% annual average) Here are the details: Purchase price: $170,000Rental Estimate per month: $1500-$1550HOA: $1000/yrInsurance: $1100/yrTax rate: ~3.4%I assumed the following:I use a 20% downpayment on a 30 year fixed conventional loan w/ 4% APRNew build so warranty is covering most things so minor, if any, maintenance will be neededTake into account 1 month of vacancy per yearTake into account annual broker fee to list of one months rent~5K closing costs~2k in appliance purchasesResult: Assuming rent range of $1500-$1550/month and assuming 1 year I wont have to pay the broker fee to list:From my cash flow analysis I am projecting to have positive cash flow of around .02%-2.1% per year.

I took a tour yesterday and seems like a restaurant, liquor store/ bar with a carry out.

But what I was most proud of was seeing so many people out....stores and restaurants opening (my favorite sushi place was already back up)...and just the return of life and "back to business" attitude that makes Houston such a great city.I already experienced contractors trying to jack up prices...some legit as I know getting materials is more expensive. 

The location is great, and it is tucked away nearby a main strip, so easy access to gyms, restaurants, movies etc..  

Does anyone have experience in the restaurant asset class?

It has a college-like feel to it with restaurants and a nightlife- I would check out Peddler's Daughter, Martha's Exchange, or even The Garden on a Saturday night.

Sounds like a bunch of new restaurants and breweries have opened in Cleveland recently. https://www.eater.com/maps/best-new-restaurants-cl...Great, now i'm hungry..

Anyway I'm making right around 550 a months after expenses, in the mean time I was working in a restaurant that I opened with my friends, I owns about 30% of the restaurant and I make right around 8000 a months from revenue and salary, I was working around 70 hours a week.

Im in a downtown area with tons  of walkable restaurants, bars, etc and heavily populated residential.