The potential to both diversify broadly and own "hands-off" institutional real estate can be very powerful, and many of our investors have done just that. 

That’s a very loaded question, as it’s highly specific to your situation.

The interest rate you were quoted is not high.  

This Mountain Modern condominium has high-end finishes in kitchen and bathrooms including heated floors and custom built-ins in the living room.

Why not just go to a bank or private lender rather than play with that very high interest money?

It works the same but that does not mean as a renter the landlord could have the property 100% powered with solar and still charge you.

Look at Houston communities that have high rental demand, reputable schools, low crime rates, and enticing amenities.

There is a high demand for rentals and not nearly enough inventory.

Try looking at it a slightly different way with some quick math:$900,000 sales price$22,500 cost of purchase (appraisal, points, lender fees, title fees, etc - 2.5%)$90,000 cost of sale (10% commissions, closing costs, buyer credits)$64,000 carrying costs (6 months at 10%)$25,000 additional carrying costs (6 months taxes, utilities, HOA, misc)$100,000 rehab cost (the number used above)$68,500 profit = $530,000 max allowable offer.Some numbers may be a bit high, others may be a bit low. 

The parcel is on a power line that a recent solar installation and future solar installations are planned for.Thank you