The facts on the house in question:Area I need to live in for next 2 years, so I would renovate, move in for 1-2 years, then rent 2200sq ft - small for our family of six, need to add about 500sq ft which pushes reno $ up$285K asking price (a friend's deceased mom's house has not gone on market)1960's home needs $70K-$120K in reno depending on final plans (needs foundation work)ARV $400K-$450K conservative, there are some 480K compsRental value around 3K very nice professional/young family area of Houston close to Med Center Values all over Houston seem down average 10-15% Think I could have the owner carry interest only until reno is complete, then refi out about 400K.Anyone with experience that wants to weigh in with ideas and help me evaluate this deal would be excellent!

My wife and I are originally from Nashville, TN and moved to Houston about a year and a half ago after graduating from Auburn University.

Also I will be moving with my boyfriend & we will also have a car ( If that changes anything) The AREAS that I am interest in moving to are Austin, TX; Houston, TX, Raleigh,NC; Seattle, WA; Atlanta,GA.

Felix I'm in Houston, and I'm a Realtor, inbox me and let's talk.

Hi there,I am searching for a reputable general contractor in the Houston area (i10 & Barker Cypress) to do mainly cosmetic work to my cousin's house before he sells it.

Here is where i currently am:-I live in Houston, Texas, been here now 6 years.

I'm looking for multi unit vacation rentals anywhere along the coast from Houston to Myrtle Beach...4 units if going solo, 5+ if finding the right partner. 

@Gary Montgomery I'm not sure about Tampa but in Houston they appeal more to buyers looking at +90% of ARV or new investors that don't know what a real deal looks like. 

For the Houston area REI, which area of Houston do you think will be a better area to invest in.

I live in Houston, TX but I have 7 rental properties in Peoria, IL.