Our contractor was fastidious about sealing off rooms and taping unused doors, but we still found several rooms full of dust.

My name is Willie Francis and I'm  a newbie to real estate investing, I’m working a full time job for the Railroad looking for financial freedom thru RE my goals are investing in Rental Property in the Houston area.

I work full time currently and make good money but currently my school loans are killing my DTI to get a conventional loan for the next two years (until I own my first property for two years).  

The higher ends are full houses or apts with amenitiesProperty is located within blocks of a Cal State University so rental demand may be consistentCOC ROI is fairly low, but I’m comfortable getting a ~5% return on my first deal if it means that this is a learning experience.

I do have a full time job I’m not planning on leaving anytime soon.

I looked at your report after my post, unless you are paying full purchase price in cash you would lower your down payment. so if you put 20% down, that would be 36,000. that will change your COC amount to a lot better number, if you paid full price as you show it is saying you would make a return of little over 2% on the money you put in.

In multifamily value add type deals, you usually have a lower cash on cash in the first few years, and then most of the money is received on the sale after you have added all of the value and executed the full business plan.

They may also not require a balloon payment and you can go the full term of the loan if you would like. 

He was continually available and full of creative approaches and visions to help me find and get what I wanted in my life.

I wouldn't have told the tenant I intended to sell the house but that ship has sailed.The tenant is responsible for the full term of the contract.