I have done a bunch of deals there in that price range and they are not hoods for war zones. you deal direct with a local realtor.. no need for west coast marketing agents or turn key of any kind.Frankly not sure why you would want to invest 40k in the US in a rental house your not going to really make any money or get any appreciation you will in fact probably lose money. 

Now mostly newer homes in a much more affordable price range than what you can get closer to the Bay Area.  

The house could probably go in the range of $150,000 - $160,000.

I realize Houston is a huge market, but what are some % of value ranges that fellow investors are seeing for rental properties?

If not, maybe BP should list not only the HML by area, but also rate range?  

How many duplexes are there in the area you have laid out with within that price range?  

Hey @Tim Wilkinson,It looks like you've received some good feedback on this one from @Aaron Montague, @Shaun Reilly, @Brian Gibbons, @Joe Kling and @Priscilla Z..The 70% rule ensures you have some margin if you're doing a traditional flip in an average price range.

The original rehab plan came back with bids ranging from $110-150k.

A multi unit near a college, with what sort of price range.

If you can calculate a range of possibilities and figure out how you would handle the absolute worst case scenario, and that's not too bad for you, then you go for it.