Just trying to familiarize ourselves with which neighborhoods haven't reached peak prices and that aren't crime and drug ridden.  

Get familiar with HUD and Fannie Mae, they both have first look periods where you shouldn't be competing with investors, so less cash offers. 

I've done flips in SE Houston but not super familiar with Katy / Richmond area.

We have many out of state investors and our familiar with monthly reports and analysis.  

There a few properties I saw, and would like to talk to someone familiar with the area.Thank you!

There a few properties I saw, and would like to talk to someone familiar with the area.Thank you!

since your not familiar with buying notes.. a local real estate centric attorney would be a good bet.now I have not bought notes post Dodd Frank.. and all the lender liability issues.for me when I did buy notes from banks or thrifts..

If your familiar with Brandon Turner and Josh Dorkin's BRRRR (Buy, Rehab, Rent, Refi, Repeat) strategy, that is exactly what you could do in your buy and hold option.

I am not as familiar with those strategies, so wil need to do some reading, but those sound like some great strategies to consider!

If you can find a good inspector, they will be familiar with local building practices from that era and should have an idea of things to look out for.Keep in mind that newer isn't always better.