I'm in the Houston area.

If you want a 7% ROI, you're better off going to Houston or Dallas where you have more appreciation potential.

I'm looking for a 50 plus unit in the Houston area.

I live west of Houston and have begun seeking to buy vacant land / lots with past due property taxes which have not yet gone to tax sale.In a couple instances, I ran into this situation:-Have an owner who is a willing seller-Past due taxes are a relatively large-Too few comps to ascertain resell value with enough certainty to ensure a profitI am looking for an approach that would allow me to legally market the property for the owner and split the profit with the owner if I am able to locate a buyer at a price sufficiently high for the owner, and me, to be satisfied.In these instances, the magnitude of taxes due has increased the risk of finding a buyer willing to pay enough to make a profit if I were to buy the property outright from the past-due owner and resell.I have contemplated a couple possible approaches:1) A purchase option with the past-due owner for a period of time during which I would market the property.

Don't miss The BiggerPockets Podcast - they are great for learning how others are finding success.Oh - and be sure to set up some Keyword Alerts- especially for "Houston" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself!

Wondering if I could pick your brain on your out of state (Houston) SFR's (which I'm assuming are buy and holds)?

Here is a quick idea of rental prices for this neighborhood and area: http://hotpads.com/rentals/10810-White-Oak-Falls-Court-Cypress-TX-77429--22aw8mukyjpqf#limit=5&lat=29.941249847412102&lon=-95.63529968261723&zoom=23&previewId=22aw8mukyjpqf&previewType=listing&detailsOpen=true&minLat=29.930353236695446&maxLat=29.952145264627163&minLon=-95.6455564498902&maxLon=-95.6250429153443&includeVaguePricing=false&listingTypes=rental,sublet,room,corporate&propertyTypes=house,divided,condo,townhouse,medium,large,garden,&dupeGrouping=buildingThis area also has decent schools and is surrounded by more expensive areas.Anyway, thanks for getting this far in my long post but I thought these scenarios might be helpful for others in a similar scenario and this home in Houston Tx would be a good role play for everyone to evaluate together.

Homepath isnt exactly rocket science...

I just got back from Houston speaking to the RICH club and we are going to be going thru Lo's in detail in June....but the bottom line is action.I'm so pumped to see you making it happen!!!

There are a number of people here from the Houston area.