We don't own any condos or townhomes in our portfolio, but having personally lived in both, they tend to attract no-maintenance types who either have busy professional/personal lives, not enough money to afford to live in a standalone home in the area, looking for included amenities (pools, tennis courts, etc), or don't want/don't know how to fix & maintain anything. 

Finally, as mentioned earlier, it's crucial to build a great network of professionals to help you and to occasionally visit your property yourself.I am a real estate agent and investor in the Houston market.Katy, Cypress, Spring, some parts of Houston, Conroe, Tomball, Pearland are great markets.Rent growth and appreciation is steady.These cities tend to command quality tenants, and they have great schools.Good luck!

There are a number of rentals in my area and they tend to fill quickly and stay filled for a long time, usually with kids. 

(He is nuts anymore.)

Really curious if 50/50 should be expected or if investors tend to get more for having the funds (60/40, 70/30, etc.). 

Unfortunately all of my capital is tied up in my 5 investment properties currently...The cash on cash ROI is 15.5% and the cap rate is 12.8% which is quite good for this area (cap rates tend to be around 10%).

You now have to pay regular income tax on that $21k (depreciation is sort of an interest free loan), at your income tax rate, up to a max of 25%.That's it in a nut shell......from a non tax professional layman.

They tend to have a justice system that is back-logged so it's very time-consuming and expensive to prove your innocence and regain control of your investment.These laws will eventually creep into the red states because every government tends to degrade over time and lose sight of things.Laws I've seen (even prior to COVID):1.

HELOCs can be more flexible than the refinance, but the refinance interest rate tends to be more stable depending on how you set up whichever one you choose. 

@Landon LeschberFor your next investment, have a clear investment goals so that you can find the deal and negotiate accordingly.Work with an experienced local agent or investor and shorten your learning curve as they save you a lot of headaches as they tend to understand the market better.All the best!