Your savings give you a great start, and Houston is indeed an attractive market due to its diversified economy and presence of numerous Fortune 500 companies.While MTR can potentially provide higher returns, it also involves more work than Long-Term Rentals (LTR).

This site is an incredible platform that has numerous resources so definitely take advantage of it all.

Hi @Keifer Zhang, I am focused in Philadelphia and do not know an extensive amount about the Cleveland market but numerous articles I have come across have drawn comparisons to the two, less-saturated markets.

In speaking with a fannie mortgage person, they said in this case the 1000*75% or 750 in rental income goes to the denominator and the 500 in expenses goes to the numerator making the DTI 500/750 or 66.7% (way above the 43% max).  

If you're a prospective homeowner or real estate investor, an easy way to research current interest rates is to use a mortgage calculator.That said, it's important to note that changing interest rates affect numerous aspects of real estate.

It’s only when they’ve been rejected numerous times that the reality sinks in.  

This site is an incredible platform that has numerous resources so definitely take advantage of it all.

@Alex W. as @Jim Stoffey mentioned there are numerous MLS systems per state.

@Christopher Nemlich we've had group of investors form an LLC and invest as one LLC in our deals so that we're not dealing with numerous individuals and just one entity.

I won't travel back and forth numerous times in different states.