About 1000sq ft)Monthly expenses including mortgage, taxes, insurance, hoa etc: $950Rents $1450/moSo it feels like a good deal but here's the kicker, it needs a new furnace/ac which is a combined unit that is outside.

Taxes which you should have close on the listing.

Those areas would fit your footprint for rental appeal, taxes are moderate and pricing is good.Let me know if you have any questions.Regards,Joe Scorese

@Christine Kankowski I don't know of any property in Houston that has a 1% tax...if only those kind of properties exist! 

FYI all Philadelphia Real Estate Investors -The Philadelphia County Transfer Tax Rate is increasing January 2017 from 4% to 4.1%. 

I have a lot of broad knowledge, but sadly I didn't pay as much attention when it came to taxes that could possibly help now with real estate business.

I foresee it becoming a hotbed for medical professionals and chapel hill residents migrating there for the tax benefits and roi on selling their chapel hill homes and moving there....

These may sell for no more than back taxes.  

I work with a commercial lender that loans based on the property, not your income (no tax returns or W2's). 

They don't seem 100% sure of this but say that it would be easier as I would have a federal Tax ID with an LLC.