If it's not a good investment property the numbers will tell you.Jaron,We brought the present home in 2012 as our first home.Its a new construction.I did run the numbers on the existing home.As I mentioned we paid 212k in 2012.Took an FHA and refinanced to conventional a few yrs later.(3.5% for 30 yrs Balance on mortgage 160k).Mortgage runs to 1200/month.Our property can be rented out as is for 2000/month.Its a 4 bed 3 bath and rents in our community start with 2000 range for our sq footage.I want to pay off this house asap in next 5-6 yrs and free up money to invest in another house.The houses in our community are in 450k+ range.Hubby is preapproved is not the reason for another house.The other house is right opposite to our community  and is a 5 min walk from our house.So its not a big move.Except that I want to move closer to our kids friends.Our lender metioned Heloc maybe a good choice for further investments.I want to explore Home Equity Loan route to be safer.I am still a layman in Heloc route and dont want to burn fingers.Any advice.P.S.What is COC? 

Divide the search up into segments for your analysis, such as:Studio only, 1 bed, 2 bed, 3 bedPrice range $500-600, $601-700…$1,201-1.300 etcMake a little grid so you see how many units are available in each range.

Every agent I called has told me they'll get back to me, phone still hasn't rang. 

Moderate rehabs with comps nearby selling in the mid $500k range. 

. - if you are open to venturing outside DFW (north) and look northeast to Greenville (red hot) or Caddo Mills (just outside Greenville) you can find cash flowing properties in the $200-$225k range.

I will usually purchase these in the range of $110k or less, do full rehabs at a cost of $40k - $60k, then sell at a price near the median. 

Unlike stocks or something you can flip in the two-year range, real estate syndications typically have a hold period for five or more years.

I've been watching the market daily around Okemo Resort for the past 8+ months and just now I'm under contract and only after seeing a slow down in the $600K+ price range.

(I'm copying this over from the buying/selling forum)I've lived in a home for 20 years (it's a 50 year old, 1200 sq ft manufactured home, basically a double-wide trailer, that has very dated decor, drop ceiling, and in fair condition) and it's currently listed for sale.

MHPs can get up in the 40% range in repairs/maintenance for park owned units.