It must be done right but it's not rocket science either.

I live in Katy, a suburb in the West Houston, TX area.

Purchased two rentals in Houston.

Here's the happy list: St George* (Utah), Charlotte, Houston, Pittsburgh, Detroit, San Diego, San Jose, Seattle, San Francisco, BostonI've heard of all of the cities (except one).

My rentals are all around the suburbs or Houston but the last 5 flips I have done have been in my local area.

We are looking at starting on the nw side of Houston, a very large subdivision style area with new neighbor hoods always under development and excellent schools.

Even major lenders like Quicken/Rocket do 20% 30yr terms. 

Hello BP,My wife and I own one rental income property (outright, San Diego) and are looking to invest in a second or more (Houston area) to increase cash flow.

The opportunity cost of staying in Houston became too much.MY GOALS:I don't want to pay rent anymoreI want to have at least a few hundred dollars of positive cash flowI want to build on an asset instead of throwing rent money away building someone else'sI want to gain experience as a landlord and a property investorI want to live in a relatively safe areaI want to live in an up and coming neighborhoodI want the property to have some kind of added value potential, meaning I can fix it up a little bit and not pay a premium on a turn-key propertyPREAPPROVED LOAN DETAILS:30 Year Fixed FHAPurchase Price: $350,000Down Payment Required: $12,250Base Loan Amount: $337,750(Damn I can't find my rate. what kind of rate should I be looking for?)

Looking to invest in West / Northwest Houston area.