Hearing out all advice and tips on starting out and getting my first property 

There are dozens upon dozens of lower-priced cities in the south and midwest that might be possible candidates for future value.

The area is booming, it's internationalized, much cheaper than Florida, higher yields, lower interest rates, less short-term regulations.

The single-family and multi-family homes are at a lower price point than most other neighborhoods in the city while still being a safe and nice place to live.Pleasant Ridge and surrounding zip codesHighly desirable area to live in for all age groups with plenty of bars/restaurants nearby.

If you want to limit your risk, use lower leverage and put more down.If you have a short-term loan (ex. purchase & rehab loan), you need to refinance anyways so you would refinance at the higher value.

However, other variables like economic conditions and emotional purchasing decisions can result in subpar investments and lower returns."

Does anyone have experience in Subject To / Seller Financing in NYC? I own a condo I'm looking to sell creatively, as the underlying debt terms are very attractive ( 3.625% 30 Year fixed ). I'm not confident in listin...

I've always calculated NOI as gross income minus operating expenses (not debt or cap ex) period. 

Houston is a little expensive, especially when combined with current rates but there are some BRRRR deals that can work with decent ARVs...just as a quick example, here's a ranked list of properties by BRRRR in Houston - there's a few that potentially make sense but not a huge amount of choice.

If you are in fact referring to gross rents, then yes you can get gross rents well above that but after all expenses, includeing debt service, PM, maint, cap ex reserves etc, a good deal is about $100 - $200 a door in pure cashflow.