I would really love to relocate permantley and just flip houses but I am to committed here with a job and a side business already  (maybe in a few years).Thanks in advance

I visited and it's a great little town with a lot of history, proud people and a lot going on.

What if the house needs to be leveled and a new one built, same thing?

@Ali Boone, Oh cool, I got to visit Edwards AFB and a couple companies out there a few years ago with my design class.

@brandon Davis,I do live in Tomball and as Fred mentioned, this is a fast growing area.

My minimum criteria is $100 per month cash flow, and a cash on cash return of 10% annually.  

The units are of very different sizes (2/1.5, 1/1, and a studio) so I'd need to make these proportionate in some way.

We are establishing an LLC and a partner agreement, so we are all good there.

Set aside for Cap Ex expenses and a reserve to support rental loss. 

Brand new to REI and in the process of just acquiring knowledge before diving in anywhere.Since I live in the SF Bay market craziness, I'm looking into opportunities out of the area.I know Austin has been a hot market recently, and as such may not have much available (in the cash flow sense), but I'll be visiting there next week and curious if it's worth reaching out to a realtor there to take a look around.I figure when I'm ready, I'll probably look to buy-and-hold a single family or multi family that starts with cash flow.