However as you correctly point out this is far more risky and or its risk capital compared to buying a income property.. but the reward can be strati-spherically higher .. not just a little bit but it can be life changing profits on some of these deals.

From my experience, 95% of the time if someone is doing their books on their own, it is not correct.

Along the same lines, the buyer who can barely qualify for the entry level SFH is acutely aware of their cash shortage and therefore are going to be less accepting of household features near the end of their useful life, even if still functional and have a stronger desire for anything that is listed as a deficiency on the inspection report to be corrected. 

Right now, we’re seeing a slight increase in inventory and some corrections in rents, which could create opportunities—but achieving solid cash flow on a condo can still be challenging.Getting pre-approved is a great first step to narrow down your options and focus on locations that make sense for your goals.

Network for collaboration, learn from successful investors, and discuss ROI and financing techniques for meaningful conversations with Houston investors.Good Luck!

Red River Gorge...New Mexico, correct?

Seeing your property is in the correct zone in the future.  

If you are able to do this at the municipal level and your numbers are correct, this would be a good investment, but there are a bunch of assumptions here.

Hi Raymond, You are correct in your assumptions.

A landlord is responsible for ensuring there are no places that are letting the rodents in and for correcting any places they are getting in.