The minimal $2,000 renovation budget presented a low-risk opportunity.

I'd recommend researching areas to see that they have:- Low unemployment- High demand for housing - relatively low inventory- local job creation/booming local economy- high avg/median income- increasing population- low average days-on-market (DOM)- history of rent and property value increases YOY- low crime- highly-rated schools (or above average)I'd compare the target neighborhood to surrounding neighborhoods and/or nearest metro areas. 

@Stanley Smeltzer there is also a 3% funds to use based on the purchase price if you are going to live in the property.

The build to sell duplex market is some what saturated in certain areas of Houston causing a real problem for people using lenders to fund their projects.

@Michael GreerSomething doesn’t seem rightYes you win at sheriffs sale but the sheriff and courts need to finalize the funds and who gets what and then issue the deedYes in some places this can take monthsWe had one in PG county Maryland that took 14 months for them to issue the sheriffs deed

I agree not to pursue eviction based on rent amounts reimbursed by these funds and agree to dismiss any pending eviction case that is based on or seeks to recover the reimbursed arrears.

The townhome has appreciated in value to about $350k (per Zillow and RedFin) over the few years I’ve owned it, so estimating $150k in equity, about 45:55 self to bank equity ownership.The townhome now has a leak that has lingered and gotten worse over the few months waiting for an insurance claim decision, ultimately being denied coverage so now I’m stuck with having to cover the entire expense.I’m also considering selling the property once it is fixed so I can take the funds from this 1 single family property in Houston to apply towards funding a possible multi-family property in Austin, TX.The quotes to fix are around $15k-$20k, which I’m not excited to just pay out of pocket, nor do I think I really can at this point in time.

Check if their liquidity and net worth is a cash position or mostly retiree funds you can't touch.

I have plenty of verifiable W2 income to qualify but want to do this purchase with low money down.

Is that what we have here, people dolling up the units- value add- and collecting the extra rents, or are the renters paying higher rents for a more low class living experience?