-Is there a rule of thumb for pricing single family homes compared to apartment complexes in the same area?

I intend to have it professionally inspected but at this point, all it appears to require is paint and flooring in the kitchen.This property will be my first rental and according to a rentrange.com analysis, rents run from $800 - $925 for comparable prooerties.

A couple things from my perspective: TX is a very low barrier to development state especially compared to CA and even the geography is wide open so the danger is that developers will just move a mile down the road and build new product to compete with yours if good employment is headed that way.

We have been dealing with 1 mortgage officer but the rates are not adding up compared to other rates we have found.

If not, you would have to assess the costs of running a gas line plus the unit compared to sticking with an electric range.

Hi in reviewing this post, there seems to be some conflicting info within the post and also compared to what I've read outside the post. 

An experienced real estate investor, this was her first time to purchase a commercial building, so quite a different experience compared with buying a rental home or duplex.

Review unemployment trends and also compare it to national average.2.

Randy,I will be interested to see what other responses you get.I guess the basics would be as a 'con' is that you would then need to worry about 'cash flow' compared to having it free and clear.The 'pro' would be that you could leverage those funds more progressively.

I am in San Antonio and curious what metrics you use to compare markets.