In 2013, when mortgage rates suddenly jumped up by 1%, nationwide housing prices slumped by about 10% (which makes perfect sense since homebuyers could suddenly afford 10% less house for the same monthly pymt).The same thing has just now happened again - after Trump was elected, mortgage rates shot up by about 1%.

The exterior after picture looks picture perfect with the trees as a back drop along with that beautiful sky.

@Matt Motil has this perfectly answered on the first reply!

@Dave Dagostino Perfect Dave!

I would think that Houston would be perfect for a heat pump in winter.The bigger question, in my opinion, is how does the heat pump perform in our hot, humid summers.

So for that 1,000 square foot example Brent used, in a perfect world I'd have at least three comps that are between 800 - 1,200 square feet.All said, the truth is the rental market is so strong one could almost make their own top end.

I have found the perfect house for me its a serious fixer in my neighborhood that has been vacant now for 4 or 5 months.

I always planned to make the old house I was living in my first rental and this opportunity made perfect sense because my wife had been begging for a larger house for a while.  

HI Roxanne, the pics look good and perfect for a rental.

(Building A) which is diagram 6 due to an elevator that is on the outside of the main structure.Finally, Building C is a diagram 1B which actually lifts the house on stem walls which makes it perfect that a house is 16" off the ground so it can more easily float away.All that said, the most important thing is to not let grandfathering expire.If it does, you are not going to significantly impact your rates with breakaway walls (diagram 6) or flood vents.Also, I would love if it was true that FEMA would pay 75% to raise my house that is on the ground in the flood zone.