Houston Real Estate Highlights in NovemberSingle-family home sales rebounded from a slight decline in October, rising 3.9 percent with 8,320 units sold versus 8,010 in October 2020;Days on Market (DOM) for single-family homes dropped from 46 to 35;Total property sales rose 5.6 percent with 10,216 units sold;Total dollar volume increased 20.6 percent to $3.7 billion;The single-family average price rose 12.6 percent to $383,807; The single-family median price increased 16.3 percent to $314,000 – an all-time high first reached in June of 2021; Single-family home months of inventory registered a 1.6-months supply, down from 2.1 months year-over-year and below the national inventory of 2.4 months;On a year-to-date basis, single-family homes sales are 12.0 percent ahead of 2020’s record pace and 22.2 percent ahead of 2019.Townhome/condominium sales rose 16.8 percent with the average price up 16.0 percent to $258,970 and the median price up 10.5 percent to $210,000;Single-family home rentals rose 7.1 percent with the average rent up 8.5 percent to $2,042; Townhome/condominium leases increased 5.1 percent with the average rent up 3.8 percent to $1,737.Source HAR 

keep up the good work and be proud of what you've already accomplished because you're way way ahead of me!

I used to visit the property, spend too much time analyzing and then find out someone else has it under contract.

The bank will pay attention to where the money came from though, so if you need to split the downpayment, you may want to get that money deposited (or "gifted") to your partner well ahead of time. 

Bigger Pockets Family,I've been considering doing some distance multifamily investing in areas that I have either lived or frequently visit.

I suspect that most are very similar, but obviously you will still want to study the state specific portions for the exam and take some state practice tests ahead of time.

Depending on the state laws, your tenant may not be able to get rid of his guest at a later date without going through an eviction -- would be good if he knows that ahead of time and has the tools available (ie guest being a subtenant, not a "regular" tenant). 

Areas where schools are terrific are always in demand, and you can buy something that cash flows and appreciates, without the thought of expensive repairs ahead.

I’m buying a duplex for 55k which bank has already given me go ahead for with 20% down and 4.5% either 15 year fixed or 30 year adjustable after 5 years.

I’m buying a duplex for 55k which bank has already given me go ahead for with 20% down and 4.5% either 15 year fixed or 30 year adjustable after 5 years.