Paying off loans or saving up for an investment property are great ways to set up for the future.

@Leah MillerTypically no - condo bylaws and zoning regulations typically do not allow to segment a units potential exists to possibly combine units (which can be cost prohibitive as you need board approval and potential building code issues) but I have never seen a condo building allow someone to subdivide a unit

However, rates have already fallen recently to a 15-week low.A 30-year fixed rate mortgage is sitting around 6.56% interest:All else being equal, lower mortgage rates reduce the cost of ownership and, thereby, allow more people to afford to buy.

I believe Galveston is an area more setup for STR’s, but I still have a lot of research to do.

@Nithin Thampi You will likely get more bang for your buck buying an existing property as opposed to new build which often has higher cost per sq. ft. than existing properties will.

(cost $250?) 

Additionally, Zach gave me information to get landlord incentive reimbursement from the city for the cost of the lead testing!! 

We've received a few quotes, but most are over $30k per unit.I've seen several posts on Facebook and Instagram BRRRR groups that do medium rehab for $8k-$14k per unit for both labor and material costs.

Hey Travis, can we set up some time to chat?

The cost of the loan is slightly higher than a conventional loan but not by much.