@Hemant Jain My only advice on investing in Texas is to be careful about the property taxes.

He has an ITIN and pays taxes. 

Not looking to do this full time, but more of a side and extra income thing. 

This is especially relevant to zip code 13224, where there's evidence of higher-income demographics and an increased rate of new building permits, which correlates with a market that can sustain higher-end flips.MoM change in searchesHigh Volume of Searches Related to Rentals: Keywords like "houses for rent Syracuse," "apartments for rent Syracuse NY," and "Syracuse apartments for rent" show a consistently high average monthly search volume of ~ 5,000.

She may run into gift taxes to the kids depending on the amount.

But ultimately I want passive income from rentals and leave my 9-5.So I guess that strategy is called Buy & Hold.

Consider factors such as rental income potential, expenses, vacancy rates, and potential for appreciation.- Negotiate and Close: When you find a property that aligns with your investment goals, work with your agent to negotiate the best possible deal.By following these steps and staying proactive in yoursearch, you'll be well on your way to finding your first investment property inHuntsville, AL.

Having a 24 month term on the front end will also make my job easier doing the take-out loan when it's time to refinance into permanent debt, because there's room in there for a full year of tax returns to have been done in the middle (if your exit plan is to sell, it'll also make it easier on your buyer who will presumably be willing to pay a higher price if they can get an A-paper good mortgage).Ask for a 24 month term, tell your contractor you want it done in a year (and make it financially worth their while if they can pull it off), internally/mentally plan on 18 months, and I'm putting you on notice now to do your tax returns on time, rather than extending them (don't fight me on this, please just do it).Trying to get a renovation mortgage like this for only 1 point is likely a waste of your time, but if you want to ask, after you've secured the above as a 'done deal,' go for it, can't hurt. 

Everything has gone up in the last few years around this home.2nd house is $900 (property taxes increase yearly) now.

We charge $2200 + fees and taxes in January and $2300 + fees & taxes in February.