@John MillsFurther, properties with an ARV of $200k, needing only $15K of work, don’t sell for $100k, they sell in the $140k+ range.

The team approach works and often can attract more capital because you have a wider range of experience and background.

Investor comfort ranges are wide. 

@Steve Cohen  I respectfully disagree. 

@Mark De sagunsince your end game is making $4k a month to travel,130k in starting capital will get you five houses in 100k price range in mid south and mid west. probably $200 a door. 

Our price range is about 65k to 70k. 

Was looking for any recos from experience in Houston and surrounding areas (Spring, Woodlands, Katy, Conroe, or any others) for apartment investing, as well as property managers in the area (ideally dealing with buildings up to 100 unit range, but am of course open to those with higher experience since I will most likely syndicate).

While the triplex is currently fully rented out, grossing $1,725 per month in rent, we would be looking to occupy one of the units for at least 1 year, primarily as a way to reduce our down payment from 25% to the 10% range and keep more available capital on hand. 

I got three quotes for inspections ranging from $925-1400.

If you're ok with ending up in the lower $100/month range for cash flow then I'd probably go for it.