Even if We know that Bayou City is facing the oil slump very hardly, but there niche and part of the town that still performing well because are occupied by different types of professionals figure that are working in sector like maritime transport, medical, manufacturing and distribution.My suggestion is to study the market, contact a local agent, read the news, and then make your decision based on real number and real prospective and area development.Once again, depending everything on what Submarket your are going to focus.

Hey everyone,I have been interested in buying this duplex in my town but since I do not have a lot of cash, I have gone the FHA route.

Will you be in town anytime soon?

What part of town do you live at?

I'm living in a town home.  

I was looking to help out family members that were moving into town that needed a place to stay. 6 months later, things are not working out with the family and I need to move on and pursue my goals of investing now that I have learned many lessons the hard way.

I am from a rural town in Alabama so they have RD houses that goes for cheap also.

@Duncan MacDonald and @Tony Grieg, Would love to be able to make it this weekend but I'm going to be out of town.

One of their investor programs offers loans with 80% LTV, up to 50% DTI, credit scores starting at 560, full doc or alt-doc available, with the income based on subject property cash flow on single family, town homes 2-4 units and condos.  

I have capital that has produced disappointing results in convential investments  I am considering investing 60 - 80 K all cash on a town home rental  this will give me a chance to test the waters and see if I want to go bigger  jay