I recommend you do this annually to adjust for utility increases and other variables.

Looking forward to hearing everyone's input and if you have any advice or recommendations getting started with the situation we have.

Go to meetups, offer to help people FOR FREE, ask for book recommendations, read the books and follow up with the people who recommended them. 

I would recommend meeting with some local investors and narrowing down what you are interested in.

Would you even recommend it in the first place?

I recommend looking at all the data sources and the listing platforms themselves to get the best feel for revenue potential.Also, reach out to local owners for the most accurate expense information. 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best!

An apartment would probably be better.Eventually, pull out equity somewhere down the road.What would be your Houston area recommendations?

Get creative Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?