If it is currently for sell in a large town like that then it means that all of the other investors have seen it and passed on it.

How you guys keep up with all these laws?

@Paige Seeley - If I am understanding the hart of your post correctly, you are balancing the decision to put more money down, in order to have better cashflow, vs going with a lower down payment (keeping cash in your control) but having a higher monthly payment. 

If it’s possible for me to keep 2 of the townhomes, I absolutely would.

I appreciate and value your input though, and am not saying it's the BEST market in all of Houston, by any means. 

Never go beyond your means to pay for a program. 

If you plan to keep this loan for the full length of the term and don't plan on refinancing again, it may make sense to get a 30 year fixed note.

I agree with you that I think it could be useful, but keep in mind that experienced landlords have turnover crews so your focus would be on new investors and I would construction cleanup which a lot of contractors don't do well.

Hi @Kevin Kim, your post did not mention if you asked the powers that be (lol) if you could keep the one pole, and simply have them install a separate meter for each building.On multi-family property, we have installed multi-meter boxes with external disconnects as per the electrical code in PA.  

We continually see people living far below their means to keep things going even after great success.