The only thing I would anticipate needing in terms of capital expenses in the next few years would be a new HVAC unit which is on the older side, but we have already budgeted for that and have a service contract with a company that manages our HVAC, water heater and oil tank.Am I crazy for thinking that a property management company would be an unnecessary expense in my case?

Porsha,Homestyle is a great program fairly simple in terms of guide lines and not hard to get approved.

A slight slowdown in terms of prices and days on market but inventory remains very tight (1 month).Sales - Months of SupplyThere is one month of supply for our target property profile.

There's plenty of lenders who wouldn't mind lending to a first time investor, but they may restrict some of what you could do in terms of the project.

@Martin M. yes that’s what I’m seeing as well in terms of HOA.

I was just there for a business trip and found SLC to be booming in terms of economic development, entrepreneurs and more but haven't done any real RE diligence

I saw some interesting single family houses (newly constructed) in the range of 200-300K, for examle in:McAllenEdinburgSan JuanMercedesHow can I deep go into research about those cities and neibarhoods in term of demand for rentals and for sales?

I plan on extending my wings far and wide in terms of location.

Hello Yishi,I deal with 1st position mortgages on New Construction, I would say that investor capital can be all over the place in terms of rates. 

In terms of the Lease Option program, $500 in my opinion is not too much to get the information I got from it, but sure, you can find that info elsewhere.