I'm looking at all types of investments; House hacking, SFR and MFRThank you in advanceI think you will find Houston to be a little more cyclical with the ups and downs of the oil & Gas industry than the rest of the large Texas metro areas like Austin, DFW, El Paso.Texas will have high property taxes, reasonably high sales taxes. 

But then again what do I know...I thought there would be a hike the last time.Now that I am typing this though, oil is in free fall, and consumer spending is possibly falling of a cliff....so if these trends do continue...probably no hike.

I suppose my backup would be to use an alternative source of heating like others have mentioned, perhaps several oil-filled radiant heaters.

If so you might want to check to see how long the Saudis can keep pumping cheap oil.   

I'll see if there's anyone looking for oil.

We have a lot of underground oil tanks (abandoned and in use) where I am and I just account for the money for a full repair (non-disaster scenario) into my offer as @Ken Otsuka said.

If you pay full price 150k and are renting for $750 a month,  this might not be a great plan "If" the market dose drop more than 20%. other issue is if your sub market dependent on 1 industry... like oil.  

Cheap route is to remove the mold with a bleach solution, then apply Kilz original oil based to everything, thus painting that place top to bottom white with the Kilz.

I work offshore on an oil rig for 28 days and then come home to Fl and am a Realtor and also investor.

You happened to catch the Spring market in a huge upswing as some of the major oil companies moved their offices up into that area.