Any advice or thoughts you have would be incredibly helpful!

Unless, its a HOT market that will appreciate considerably by the time you refi. 

The homes in the development have actually depreciated since they were built based on tax records and recent sales even despite the hot Houston market. $374k brand new to now $345-370k, most recent sale probably $370k, but average probably $360k over past 3 years.Anyone have experience renting out similar homes?

The market is definitely hot right now.

If you are looking to invest into real estate, I have found this site to be incredibly helpful.

Newcomer around here but wanted to survey the community (which has been incredibly helpful to me). 

With your expertise you could build everything yourself for some incredible cashflow.

Fun times......the missus got a little tweaked because they were hot, but I behaved myself extremely well, you guys would have been proud of me....They've already scheduled 2 more visits for 2022.... :-)@Nancy Bachety Maybe not your thing, but when you get guests complaining, throw a beer and a shot in front of them....?

If it’s a good deal I would pick it up for personal use though, or just resell it in the spring for more $ (used market for pontoon boats is crazy hot currently).

That is a challenge in most markets and I know Chattanooga has been hot for a while.