This one we could even do 70 ltv.

Closing on a duplex this week, with even better numbers Good luck 

I said I didn't want to bother them with petty things and they said "We know the types of tenants this guy is putting in here, so if you feel even slightly inconvenienced, please call us." 

Sure there’s the hope of appreciation, but that’s not guaranteed and I like to know that my mortgage balance is shrinking even if it’s very slow.

When I saw this one up for sale, I put in an offer at asking price before even having seen the home prior.

Population growth, strong job growth, multisector industry/economy (Never invest in an area propped up by a single industry, or worse, a single company), landlord and business friendly, strong development, strong sports teams (even minor and farm teams), lower crime rates than national average, and good schools/colleges nearby.

But they will give you even more valuable advise where to actually invest in the Houston area based on their years of experience.

Where do I even begin? 

Even if you borrowed $130,000 which is more than you need at 13% which is what BRRRR lenders would charge a newbie, that is a monthly payment of about $1,450 and you would probably pay 3 points up front which would be about $4,000.

Even better, call it your personal residence but AirBnB your personal unit while you stay at home ;-) Of course, you need to find the right area that will have demand, but you'll be cash-flowing well and still have money in your pocket for reserves or the next opportunity.