Light bulbs, smoke detector batteries, etc. are on the tenant.

Chris,I work for one of the largest Mass Housing lenders in the state, so maybe I can shed some light here: Mass Housing is an awesome program. 3% is their minimum down payment on single families, but that jumps up to 5% for multis, usually with no mortgage insurance.

We started out by buying light fixers and lived in them while doing the house up, and then traded up to the next.

Some areas, such as the Heights, downtown or the theater district near the medical center are less tied to the energy industry.Places like the energy corridor in west Houston might feel the oil bite hardest.

So whatever time, energy, and effort you put in during the purchase process pays off many fold.2) Get the right renters.

As David advised, I would concentrate on putting your effort and energy into one before focusing on multiple projects at once.

Also check out potential net zero energy types of builds.

comp across the street from mine with lower renovation quality I believe rented for 1150.Marketing was agent photographed and lightly staged not full furniture staged.

Here's my story: I'm new to the real estate game- just establishing my funding and obsessively farming an area in my city that I KNOW is going to kill it in the next 5 years.My strategy is buy and hold, with my first property being being a house hack, and my plan is to move into a place that isn't turn key- something I can build up myself (I'm young and able bodied, and I wanna do it) or with the help of some light contracting.I ran in to two potential flippers walking through the same property.

Just past the light at the Post Office if you are heading towards Opelika.