You can quickly see why looking at this graph - https://www.visualcapitalist.com/buying-vs-renting-house-in-...You can see how in 2015 the average mortgage was cheaper than the average rent, so it was easier to make the math work with light value add and just buying single family homes.

Keep in mind the potential for higher renovation costs due to older properties and the local landlord-tenant laws.Good luck! 

There's lots of competition from everyone jumping in.

It snapped off vertically down the middle when he went to the kitchen in the dark in the middle of the night and when he turned to walk back, he walked into a little cupboard door which pushed it back against an edge of the wall, which caused the wood to snap.

I don't know exactly for sure, but after I call Airbnb CS and have them search for my listing, I get a booking request in the next day or two. 

We haven't lived in the townhouse in the last 2/5 years so we would get hit with full capital gains.

Is this in a residential neighborhood?  

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

Is anyone still active in the Houston Area?

Purchase price: $136,000 Cash invested: $90,000 Sale price: $260,000 full renovation from studs What made you interested in investing in this type of deal?