I was planning to use the FHA 203K loan for Acquisition with Exit strategy for flip or Rent and Refinance.

It's important to know your exit strategy whether you want to sell the property quickly, use the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method, or keep onto it for a long time.Think about consulting a property inspector, real estate agent in the area, or even a mentor with knowledge of the Houston real estate market for advice.

Real estate is a long-term investment strategy.

As well as figure out your second and third exit strategies if possible and weigh the risks.I am a Realtor here in Colorado Springs.

I was planning to use the FHA 203K loan for Acquisition with Exit strategy for flip or Rent and Refinance. 

So here goes:I understand that as real estate investors, we know that it's about buying in the right market, with the right strategy and with the right financing.

ThanksYou didn't mention which strategy you prefer.

Are there any issues with this strategy? 

I own a few rentals and it has been hard to find a deal that will work, I help other investor clients do flips, so I thought it was time that I started with the strategy too.

Cleveland is solid place for that strategy.