I can check in with my local bank, but I don't want to waste their time when I'm not yet serious about doing a loan with them.   

You need to check out your prices you are being charged. 

Less bank accounts results in less check books, less debit card numbers, less account numbers that you have to track.best of luck.

I would like to check that out as I have gotten into land funding and pre development funding the past 24 months and really love it.

Always good to check before you cash out the 30-35k, which I honestly would not do with the drastic change in PITI, numbers would be tight even if you rent out the unit you are currently staying in.

You picked a great community to join.. have you checked out local comps to gauge the market vibe yet?

Houston's diverse, and the real estate market is buzzing.Check your budget, how much risk you can handle, and what you want from the investment.Montrose, The Heights, Eado, and Museum District are buzzin' with mid-term rental potential.Research the neighborhoods, check the rates, and do the math on costs before diving in.

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

@Simon Powe KMLK Realty and Property Management are some great agents that can help you buy but will help with property management. https://www.kmlkrealty.com/Check out their website. 

@Chris Magistrado, I am going to echo Rick: without checking the math, it seems close to accurate, in the theoretical sense that A*B=C.Take what I have to say with a grain of salt because I am not a "full-time" flipper.