(Price range) if your flipping a 1200sqft in the hood its obviously going to be different then a 1200 is the best neighborhood.What advise about hvac?

-Pricing for properties in this area and in the 1-2 mile radius are all over the place, but seem to comfortably rest in that $349,000-400,000 range for a decent 3bd/2bth property with age ranges of properties around the 1950's to 1970'ish range.

It is advertised for $425,000 which is out of our price range but I'd like to try to find a way to make it work.

thanks Jerry,  for the arv I pulled 5 sold comps in same neighborhood ranged from 167 - 176k and did a few puts and takes as some didn't have a garage (my property has 2 car detached) others were  more updated.  

With the economy in Texas doing well and populations increasing, there is obviously a increased need for housing.I want to invest in probably a class A or B range complex.

I just did not see that as reasonable for a home of the price range to 1) sell quickly nor 2) command a strong sales price or get into a multiple offer bid off.

As an investor event's like this make me stay away from investing within 5 miles.I have decided to open up my search range within an hour out of the city such as Yonkers, Northern NJ, and even a little further.Also as a primer on calculating ARV to compare two properties use this file http://www.biggerpockets.com/files/user/JasonScott/file/estimating-arv by @J Scott

Most of the time it ranges from $250 to $500. 

Always get the house in the range of the rent that you are already paying so that it won’t be heavy on you to pay the mortgage.

In my area, the condo rent out very quickly for the price range of $1650 - $1700.