Also, be aware that Texas property taxes are higher than you might expect, and they increase every 1-2 years. 

The equity, the convenience that its super close to me, the experience, and my confidence that this area seems to have a good outlook in its potential growth and if I’m being honest a 300 dollar payment for a potentially 500,000 house doesn’t seem bad at all.

If you are in a low paying job concentrate on increasing your income.

Not only would you have to subsidize this property for the foreseeable future, odds are (with all due respect of course and not to question your PM skills), you might expect the expense ratio to increase under your tenure in comparison.

C can come with higher cash flow for certain periods but it can also come with increased risk & potential downside loss.

Soon I will be introducing rent increases. 

That being said, we are starting to see some increased CDOM/DOM for the higher-end development deals here in the affluent areas of town, because the numbers don't work.  

If the property has a good cap rate and you can withstand any reduction in rents or vacancy increase from an economic downturn, what difference does it make where the property is?

I'm seeing an increase in those of us who got burned with Morris. 

It's my goal to do this kind of work for someone else with a decent portfolio for around 45 k a year while I gain the confidence and the skills to invest myself.