In short, I have a lot of passion and drive however, I also know I have a lot to learn.

It it better to buy a upgraded or at least fixed up 1962 built SFH around 1500sqft with a yard, and drive way or a recently built 3 level SF townhome with no yard and no driveway from a rental perspective?

(you never know), I want everything to be stored in my office, on my hard drive.

@Amber H.IMO, what most folks are driving towards is quality of "upgrades / Amenities".

I can practically bring in tenants after some quick and basic fixing such as the roof, painting, carpeting and new windows.

By contrast I live in a trailer park with my friend who drives me nuts most of the time.

The reason you see agents driving new cars and wearing bling is because the majority of them have already retired from a previous career or are married to someone providing a steady paycheck.I have 160 agents in my market.

You will have greater cash flow ,prob be able to hire some basic management so you can have less headaches, and get paid for putting deal together. 

Basically, everything will be new with the exception of some Sheetrock walls that I was able to salvage.I’m really looking forward to the finished product and placing my first tenant!

Moreover, most of the people living in these areas drive 30 minutes per day to downtown Houston and Houston Medical Center.