You can find houses there within your price range given the current economy in houston but just make sure that whichever location you decide on that the numbers make since for rental purpose.

You can make money in whichever areas you like, depending on what is affordable for you, your appetite for risk and what margins you want.  

Good luck whichever way it turns out.

I think the key is that you need a team in whichever market you're in.

Maybe get it appraised as is now and see what you could get for it now, and go for which ever option turns out to be better for you.This isn't experienced advice, I don't do flips, just what id do in that situation.

.- REO "specialist" realtors opening pre-escrow with multiple title companies, looking at the prelims, and using whichever title company screwed up and didn't notice the clouded title.

Otherwise, they would stay until the end of lease or until eviction, whichever comes first. 

Whichever city you decide to live in, they will be lucky to have you. 

The rules for each varies but in any case you can use the money for closing cost or the down payment (however you must contribute $1,000 or 1 percent of the purchase price, whichever is greater). 

RCN referred me to another hard money lender who also gave me the scoop that the typically only fund deals at either 90% of the value or 65% of the ARV which ever is the lessorTo put numbers to this deal ARV of $150,000.