We stick to high quality neighborhoods and homes and are doing really well with it.

We are NOT a fit for low quality assets such as C/D or uber high input such as sec8 or mid/large MFH.

I have family in Houston, Dallas, and the Valley, I was networking with brokers in San Antonio, but the Taxes seem to be quite high as well in that State, although much favorable laws/regs on the landlord side.

The hold time is usually between three and five years, and the overall gain is pretty high within a fairly short time frame.

That entire 78741 zip code is good and has been in high demand historically due to its location. 

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Talk about aiming high, right?

@Cathy Ries Yes, tax planning before acquiring rental properties is highly beneficial, especially given your situation.

The high HOA fee is already a factor, so ensure you’re comfortable with the overall carrying costs.Focus on the Land Value: Since the lot has development potential, you’re looking at this as a long-term investment.

If this $30k was instead invested in a taxable brokerage account, you'd pay capital gains taxes on the $70k of growth and be left with a tax bill as high as $14k.