With my house only being worth $220,000 fixed up, a $180,000 loan, and about $90,000 renovation costs we are stuck in a bad position. 

The rent in summer was 1500 per unit after minor renovation.

My company purchases homes, renovates and sells them.

and spend 20k in renovations, the property should be worth more and I can rent and hold it.

I'm not an expert in Texas but to me the most affordable area is Houston followed by Dallas then Austin Texas. we have partners that come from Austin because they can't do anything there. but they do projects in Dallas Texas and projects here now too mostly new construction. 

Alex In higher priced areas lending that little amount is usually challenging and for lower quality projects.

Sec 179 allows accelerated depreciation of vehicles over 5500 lbs - and with a portion of my work being renovating properties buying a RAM was understandable.

I purchased a single family home under my LLC and have been renovating it to be STR-ready (weeks away before we launch!). 

If you are starting off and want to house hack or have more favorable rates by living in the home first, then I think investing where you live is must but it doesn't sound like that's what you're doing.For Vegas, for me to be cash flow positive, I had to put down 30% and another $18k in renovations.

I know in my area the public housing projects are being town down over the next few years.