It was so helpful . . .this is my first time setting up a property however I know this will be really helpful!!

@Miriam B.yes Jack is currently a member of my land investing group so I communicates with him there and he answers questions about his training products and raw land investing in general when he has time.

@Mike A.Welcome to BP, I recently moved to Florida from Lexington Park, MD so I know that market pretty well.  

So, Houston Section 8 investors, what are your thoughts? 

Thanks so much for the input.

If you are purely doing it for investment purposes, it might be wise to consider not living in the unit so you don't need to divide everything up.

If you need some local resources to the LV, we can chat more on our call.

i say this not to discourage you, but just to help set expectations.based on the numbers you provided, for example - 40K down payment + closing costs + rental and make ready costs - let's call that $50K. 

I am a GC so I have some control on the rehab budget if that makes a difference in the calculation. 

If so then let me know, happy to put you in touch with my local lenders that can give you a gut check on your numbers.