Thanks in advanced.

Houston TX Zip 770582bd 2ba 1008 sqft with small porch and 2 parking spacesPurchase Price - $65k 2017 (plus $25k in full reno Includes brand new appliances + brand new split ac system)Current market value est; $90K- $110KRental income: $1100Expenses: $708 (Includes Hurricane Insurance)Thank you all in advance.

thank you sooo much in advance  :)

Thanks in advance.

Thanks in advance guys!

I learn best with examples, so an in-depth analysis and step by step breakdown would be EXTREMELY appreciated.I'd like to take a moment and thank you all in advance for your guidance!!!!!

@Dan Ruiz The auctions take place in person, but you can also bid by mail (assuming you know which property to bid on, and send in your bid in advance). 

Thanks in advance!

Thanks in Advance   

Now, in the case of buying a triplex or fourplex in a cheaper market, we are thinking a turnkey property and saw some options that would give us about $450-$600/month positive cashflow.On paper, it seems the smart option is to buy outside of state and get that cash flow going but there's one important thing, we live in a 1 bedroom apt with a 21-month old girl, which means maybe we have 1 more year at our current place and we'll definitely have to move to a 2-bd place and rent will increase by $500-$1000. at least, so then, there's not so much difference anymore.I'd love to know your thoughts.Thank you in advance!