Baytown is off the beach but a desireable area and relatively cheap.

Its likely the reason he has so much equity though because they probably help him buy the thing super cheap so he gets to have a nice house.  

So cheap.

buy dirt cheap properties, fix them up, and rent them.

The 2% rule will only ever work on the cheap homes which usually means low income, higher crime, lower quality tenant.  

that neighborhood is a "D" to "D-". and obviously not between 75 & 675.Houses are cheap, rent is ok.

Good and cheap service but no longer in the business.

Bank money is cheap right now so don’t leverage all your $1M at this stage in the market.

If a wholesaler can negotiate the price down to where their 5-10K fee leaves enough meat on the bone for me,  I'll buy it in an instant.Unfortunately the only "wholesale" deals I have been presented so far are FSBO's that they marked up,  or cheap properties they found on the MLS, got under contract, and marked up.Still looking for the right wholesaler to bring me the right deal.  

@Raquel McGraw Find a dirt cheap single family home, fix it up, rent it.