In short, I have a lot of passion and drive however, I also know I have a lot to learn.

It it better to buy a upgraded or at least fixed up 1962 built SFH around 1500sqft with a yard, and drive way or a recently built 3 level SF townhome with no yard and no driveway from a rental perspective?

(you never know), I want everything to be stored in my office, on my hard drive.

@Amber H.IMO, what most folks are driving towards is quality of "upgrades / Amenities".

Also the area that the property is located, how much holding costs you have if its vacant, how much deferred maintenance there is on the home and many other variables will factor into when to sell the property.

Also, even if it is in a lower tax suburb that property tax number is really low - for a house of that value i would expect anywhere from $1200 - $3000 depending on the location.You need to factor in water and sewer as well.

The costs were 3-5k for the study.That said the two biggest factors are time of hold of your deal and how much the property is worth.

By contrast I live in a trailer park with my friend who drives me nuts most of the time.

The reason you see agents driving new cars and wearing bling is because the majority of them have already retired from a previous career or are married to someone providing a steady paycheck.I have 160 agents in my market.

Moreover, most of the people living in these areas drive 30 minutes per day to downtown Houston and Houston Medical Center.