Born and raised Houstonian here and UH graduate so I know this area, I would say you are looking into the poorest of the Houston area and that particular area would be full of distressed properties and homeless.

I’m born and raised in moco.

Is my mother, but I’ll get into that shortly.My mom was born and raised in Uganda, when I was 6 years old we moved to the US for the same reason many folks make that decision, for a better life.

I was born in Iowa but raised in Minnesota.

Any risk (beyond loss of investment) is soley born by the GP (the C-Corp) and not LP owners.

I live in long island currently about 30 minutes from Queens, which is where I was born and raised, so I am familiar with the area, but not too familiar with the investing culture that is (or isn't) present.I'm 21 and currently studying for my real estate license, and am also interested if there even is an investors market for whom I could help buy rental properties in this area as an investor-friendly realtor in the future.Any advice would be appreciated.

You're still getting $1300 on a $220K asset.And particularly if your fear is that it doesn't cash flow with a refi (which still leaves trapped equity) it's time to sell and redeploy.Not to mention the refi costs plus costs and uncertainty of new financing for acquisitions once you refi and how that changes your borrowing picture.

Seems like I would likely fall for the trap of being too shortsighted with how I fund my deals.

I was born and raised out side of Los Angeles.  

Columbus is an awesome market, being born raised and now continuing to living here I know the market like the back of my hand.