Going to agree with @Wayne Brooks on this one. 

Rahul Bhatt thanks Rahul, I agree on finding investors however I will be looking for family and friends to invest in my first commercial property.

I would agree with James Wise... everyone in the transaction needs to provide value.

I agree that 8% is probably low in Houston, especially as we look to the next year.  

JMHO.A sophisticated way to profit if you truely believe this area is in the path of progress is to contact owners and offer to buy an option to buy at some present value for as many years as they'd agree to for a few $k.  

You have (presumably) paid the taxes and allowed your relatives as your guests to be on the property for purposes you agreed are voluntary and can be revoked at any time.

I would have to agree that if you cannot find the correct answers you are looking for in regards to a time table or the law surround an eviction you should hire an attorney.

I am an active buy and hold investor in Geogia    I have 8 SFH long term rentals in the north east suburbs of Atlanta   I am currently looking to diversify into either another area of the country (probably Tampa, Fl) or perhaps to pick up a few beach (PCB) and lake (Chattuge, Hartwell) short term rentals to attach to a different market   I would like to connect with others in any of those areas to build a better network    I look forward to the discussions.  

Without understanding the full picture, I would agree with the previous posts regarding the HELOC - as long as the new cash flow covers the HELOC.  

I just saw this article on Yahoo regarding where rents are rising the fastest and thought I'd share:http://finance.yahoo.com/news/cities-where-rent-ri...I agree with the article that it isn't really a great measurement of what is really happening in an area because it is a small sampling, but might help answer some of the questions posted here along the lines of, "What city is best to invest in?"