I'm in a similar position; high tax bracket and would love to save money in taxes while also generating cash flow through renting for a year.

I would like to try a flip eventually but my goal is income generation so always buy and hold.

Looking to REI to escape employment, fund my four kids' education and support philanthropic endeavors.

I ultimately would like to have large buy and hold commercial portfolio, but I would like to generate cash to be able to pay down some debt and to be able to fund such deals in the near future.

I am sure there will be areas in Houston generating 1% rent.

General population, school population and employment in the area are factors I would look at. 

I'm going to call her current landlord tomorrow as well as he place of employment to gain some more comfort. 

As a second generation Realtor® and Investor I am extremely passionate about all aspects involving Real Estate and helping people in my community.

@Rohit Vij - is your primary goal to generate monthly cashflow?  

., buying and selling your own property, managing property owned by your employer), have satisfactorily completed both the qualifying salesperson course of 75 hours and an additional 45-hour real estate broker course as approved by the Secretary of State, and have passed a qualifying examination administered by the Department of State.How do I obtain a waiver from the 75-hour salesperson or 120-hour broker course requirement?