I am looking for a realtor that specializes in finding distressed, flip worthy properties in the following areas of North Houston; Conroe, Montgomery, Tomball, The Woodlands and Spring. I'll let you know up front that...

Demand for multifamily housing is forecast to remain high, as Millennial household formation continues and Boomers seek to downsize and re-enter the rental market.

Looking to increase my knowledge in real estate to for both personal and financial gain.

@Par Attaran First of all you are doing the right first steps, asking questions and seeking advice from others.  

Any new laws coming down about increasing property taxes?  

Seeking Real Estate Agent located in Dallas area.

If the price drops, then the cap rate would increase and by your explanation would mean higher risk.  

30 yearsannual taxes - SAMEannual insurance - SAMEMonthly $1967.87 - this is really too big of a bill to cover, but not if I could supplement some funds from a renter of my current home.Current home costs me $480/month and that includes taxes and insurance - with increase to a 6%tax rate lets say it now costs me $600/monthI can get a reasonable $1700/month in rent for my current home.minus $600 for mortgage on current home = 1,100/month, leftover/cashflow/whatever you want to call it.New homes mortgage of 1967.87 - 1,100 (from current home rental savings) = 867.87/month out of our pocket. - this is a number that we would really love to work with each month.Scenario 1 minus Scenario 2 = a savings of 746.33/month (8,955.96/year)Now with this scenario, obviously we have the mortgage of new home offset by the rent of current home, but we don't have the money up front to do any renovations right away either.

Recently, I made the decision to really dive in and increase my real estate education.

I am currently seeking to close on an investment property but I have insufficient funds to cover all of my closing costs.