I prefer a solid 20%-30% down payments. 

I bought and older wood frame house with a lit attached where j built a 3/2 brick house that I also rent.

And they rarely appreciate at all.To me, I would want to be in a decent area with good schools but where the cost of homes relative to the rents are solid.  

And best of luck on it... that sounds like a fantastic deal for you, and a great way to get a solid property under your belt.

I really enjoyed reading your post because I put in a counter at 83k before seeing your response, so we were thinking kind of similarly lol.  80k would have been solid too.  

Thoughts on this ideal @Elizabeth Colegrove@Roberto Escapita Jrlet's tag as many people as we can that to get a really solid base of ideas together.

., thanks for the solid advice.

There are plenty of owners from your neck of the woods that venture out to Bpt as owners and investors.  

Autumn wood and Ricasa are both hard money lenders. 

On Every Saturday there is a REI at Wood Haven Country Club:$20Every other Saturday HEB or Dennis Henson:  Bob Duncan   Small FeeFirst Monday at Crown Plaza in Arlington: FREEJoe Boston's group meet I think 2nd Saturday;  I know they have a new meet siteTim Cooks meet First Saturday at Buffalo West on West side of Ft.