This gives me a Net profit of 82K which is an Average Annual ROI of 57.4% based on the total 18k investment.

Hi Jordan,A business partner of mine is working on a calculator that estimates the costs associated with holding a property, based on constantly updated real world data. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

Your new taxes are based on the PP, if it was significantly higher than the previous, well your sh@#@it out of luck.

One could also base it on an independent appraisers report or other basis that can be reasonably justified. 

You can qualify based on debt-to-income alone. 

That's a really rough summary and just based on my recollection, but the point is there are solutions available. 

Long term rates already have a .75 BPS to 100 BPS increase in margin spread do to risk, that will come off the table soon and lower rates just based off that and that would put my 30 year fixed rate in the 5.25% to 5.5% ish range. 

Any "ward" in Houston should get some questions going, but majority of Houston based agents will push this ad nauseum especially the one's on here and have been the better part of the last 2 years. 3rd ward for MTRs, STRs, and travel nurses and 5th ward for fix & flips; but only an idiot would buy a 5th ward property without doing their diligence.

Currently, the house is on one water meter, electricity, etc.