Finally the pro formas that they provide are absurdly basic and neglect at least 25% expenses, so are essentially useless. 

Houston's got a lively mid-term rental scene, great for folks staying a few months.

Or paying off my debt, while I provide them with a nice house to live in instead of an apartment. 

Still too expensive for properties with small number of units.

Flipping a brand new home likely wouldn’t bring much profit - especially after having to close twice when you first buy it, and later sell it.Maybe you have millions to spend and I’m just missing the big picture… but when I think of “income” I’m usually thinking “net income” after you factor in expenses, like purchase price or building costs?  

We live in San Diego so would be long-distance, TBD if we self-manage or enlist a PM. 

Increase your earnings, reduce expenses, save up, and invest.

Purchase price: $129,000 Cash invested: $5,000Condo we lived in and fixed up.

P.S; We live in Wilmington NC so both markets would be "long distance" P.S.P.S there are no reasonably priced multi family properties local to us.

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