My first one was simple and is still in progress.

Looking forward to see the progress and the post-rehab pics.

Houston does not have the high speculation California has or had at one time but it does have amazing steady growth with very solid job markets to support sustained growth. 65% of Houston rents due to the large oil industry which leads to higher then normal rental amounts and nicer homes.I have spoke to several investing groups on the west coast that are specifically targeting Houston as their focus.The cost of living in Texas compared to most states is extremely low and one the few cities that you can purchase an investment home under $150k and it be a new home and have positive cashflow in a very nice area.Out of the 500 homes we manage 50-60% of our clients are from out of state and out of country and we get about 20 new properties per month from investors buying.Again I would say that where ever you go Houston or any city you first want to decide what your end goal is and what that strategy is for that goal.

Then I would immediate drive through every street in the area and write down the addresses of every new construction, in progress (then you can get builders contact from permit, if in front of house) or recently built homes.

You will most likely need a steady job history and income, although I can't speak for your particular lender's requirements.  

Good luck and remember, in most cases slow and steady wins the race.

Work in progress.

You will learn a lot in this process, but if you have no plans to use it for more than the learning experience and MLS access, you can do both of those things in other and easier / cheaper ways.I do have my license, but like Uriah, it has factored greatly into my business model, and will even more so as I progress.

However, job market still strong, people are still moving to the area, and home prices are holding steady. 

Once I start having a steady income from work and I'm able to stay in one location, I'll resume investing in real estate with slightly more aggressive approach.I don't have much desire to flip houses, I'm more interested in long term buy and hold wealth accumulation.