Or I may get a trust worthy property manager, but that cost almost would lower the long term returns to below the S&P 500 indexes. 

I have been having some success negotiating seller paid closing costs to help with rate buy down as well. - If you see a property that makes sense, I encourage you to get an offer in ASAP.

@Ryan BiankowskiYou absolutely can.Research your market, come up with a flip strategy (what type of house you will want to purchase, how you plan on finding this property, what area you want to purchase, how you will come up with financing), find the property that fits this strategy, secure the financing, and close on the deal.

Goodman is the lower end.

If I'm understanding correctly, we could keep our 1st duplex with the FHA loan (until rates lower then we'll refinance) and then still use an FHA loan for our 2nd duplex since we have lived there for over a year?

Hi all,I just closed on my first rental property and used all the money I saved for that downpayment.

Usually you can come to some reasonable meeting point on credits, where it's unlikely they give you the credit for an entire new heating system (let's assume the heating system condition was factored into the pricing of the home) but can get you close.

Close to a MFH.  

However, I'm a bit confused about the process, specifically:Who is responsible for paying the closing costs, and how do you bring it up?

Also, justifies the quality of homes in Katy, Texas.Proximity to Houston: Because Katy is very close to Houston, one of the largest cities in Texas, Katy benefits from spillover economic growth, employment opportunities, and urban amenities, making it an ideal location for both residential and investment purposes.