Try going further south and its nowhere near as rosy in terms of rates.I have a few early rentals that I bought when I didn't know what I was doing.

I have been thinking about this for a period of time although I'm only at the infancy stage in terms of research.I'd be looking at the maximum spend of $170,000.  

Not only can they get the job done for you, but they are also a good person to ask for advice for in terms of the area. 

Anne,I was hoping for near the Greenway but the Heights is probably a better move in terms of finding a deal.  

So I just listened to @Brandon Turner speak on "The One Thing" on the Ask BP podcast...great (yet very simple) concept and podcast episode by the way, be sure to check it out....and it led me to the conclusion that I need to figure out what I need to get in line so that I can: 1) connect with a local commercial real estate banker here in Houston to discuss funding for multi-family/apartment investments, and 2) understand what it is that the commercial lender would be looking for in terms of sort of pre-qualifying my partner and I for funding.

Your management will be more expensive, in terms of time and dollars.3. 

Its only now easing a little the last 2-4 business days.the rate may have been raised to keep your lender credit of 5,000 available because 4.50% on FHA is way over market so I assume there is about 2-3 Points in there in terms of spread.

Okay,  in terms of financing.. 0 down first time home buyer, can you do this with a Bank owned? 

That's my impression so far, that the discounted properties are scarce and finding things that cash flow in terms of buy and hold are few and far between.

As an agent I would just look at it just like a wholesaler in terms of getting them to respond.