Creating other streams of income is the name of the game I play as well.Since you plan on holding rental property, check out this video for quick tips on how to evaluate deals as they come along:

One thing you may want to watch out for....sometimes the investors who have been in the game for a long time and have made a lot of money, especially at this price point, have not kept up with maintenance, or have purposely neglected maintenance because they knew they would be cashing out soon.

The wife and I's game plan is to find a turnkey SFH and that we can do a little rehabbing/upgrading to, adding value over the course of 1-2 years.

You also should have pre-established goals ahead of writing ANY offer.

My neighborhood is quite established and is currently experiencing a growth spurt with a large mill being renovated to apts and retail, at least 2 other large scale apt/condo projects under construction.

With a property in that price point, I would probably proceed now with the listing agent rather than backtrack to find your own agent and risk being too late to the game.

This is a commercial lender (not using GSE underwriting) where we have established relationships.So, to answer...

But that area is well established and in a good school district.

I was just out there this past summer visiting a buddy and checking out an Astros game.

So that game has a clock you can't control, not much you can do.