@Staphon Smith,Great area to invest, I have a few clients that do some good work down there, and being from AR originally myself, it is a good area to look into.You definitely want to keep an eye on areas where the comps are going to provide a healthy cash flow.

 $100x36 months is $3,600, and the roof estimate is $7,000, as an example.But assuming you have a healthy capex reserve ready to spend whenever needed, the other part is simply knowing all your monthly/quarterly/annual expenses (utilities, taxes, insurance, turnover costs) and holding back more to cover the vacant units, when your actual cashflow is reduced.

The money collected will be reinvested in growing and maintaining a healthy community environment therein or for the same purpose yet to expand successful co-living environment model elsewhere.Thank you in advance for your advice, comment(s), etc.  

Talk to locals about the up and coming neighborhoods in the area.40k is a healthy budget, you just need a good lender who specifically loans for rehab properties.

I guess even if you have the ability to tap into municipal lines, you should checkout the soil conditions to see if conditions are good for a basement or if you have the dreaded shrink/swell soil.  

Afterwards I still had a healthy 5% of my home value in savings.

Citizens who are sick or otherwise not healthy are not productive citizens.

@Lia Locarnini While researching please keep in mind high TX property taxation as it effects cash flow and that certain locations have foundation issues due to clay soil.

Mistakes are healthy in moderation.When it's time to get help, you don't need to limit your search to your geographical location.

Hi all, Hope everyone is healthy and staying cool in this heat!