Interest rate and insurance cost in Houston will make house hack harder now but it is not entirely impossible. for particular Indepdent Height, arces homes, and highland height is a great area that is growing in my opinion. 77021 near medical center has some really nice streetLook for home that has garage apartment, duplex or big land to put up additional structure later on. look for area with low tax rate and no HOA. plenty of them around

I’m wanting to do a cashout refi so I can payoff the line of credit and move on to the next property.

We also live in Wisconsin where cost of living is relatively low.

Secondly, is it common to do a normal application fee for background and credit?

Credit?

Open up at least three credit cards. 

I like Nevada because it's close to CA, low property taxes, landlord friendly and has strong tech and manufacturing job growth. 

(Again the seller is going through foreclosure so I assume they are low on cash) This is a short sale

I also put all of the materials for the project on credit cards (don't recommend) so I was about $30,000 in credit card debt before I finished and paid off my debts.

Can you please share what areas are the best to invest in in this current market of high interest rates and low inventory?