A typical resident would see rents climb at a decent clip over a two year period as the apartment interior, exterior is renovated and improved property management increases desire and pride in staying.  

Income minus $400 for expenses (50% rule) minus $378 (P&I, insurance and taxes) leaves a pitifully small $22 cash flow.

I think what @Chris Jackson was referring to is that there are a LOT of rules in regards to 'self dealing'.

Make sure, HOA rules allow renting, however - if that is your plan.

One of the # 1 rules of real estate is not to try to stick a square peg into a round hole.

I've found, going through three refinances this year, that mortgage rules have been tightening.

Reverses can work with timing issues, needs for construction or improvement or if you're wanting to double dip appreciation and cash flow for a period of time.  

I love the concept and am looking to purchase a home to list on Airbnb but I want to know the rules Houston has before I jump in.

 $60,000 capital improvement for a conservative $1400 in additional rents.  

G'Day everyone,There is a rule of life and it goes like this:“Give others what they want and you will get what you want”As corny as this might sound but I have always enjoyed giving more than I do receiving.