In Houston, a 100-150k house in the suburbs with 20k in equity that nets $200-300/mo would be a solid deal. 

I went to the property on the begging of this month but he was out on as family vacation and my time was limited because I have to flight back to Houston ether way I found this lead because the neighborh of the seller is my uncle and he knows I'm looking to invest in the island.

(think galleria area in Houston, Or artsy South Austin Neighborhoods) Can your personal finances or other passive income sources take care of the difference?

I am 30 yrs old; have no debt; and have been saving to purchase a turnkey four-plex in Houston.

Just to add ....its in Houston and that company works lot of  Houston projects.

Closed my first deal a few months now in Houston but I am stuck.

@Joseph B. hey welcome to BP. happy to help in any way that i can. where are you located in houston?

I am in the Houston market so I can't speak for yours.

There is also a large Hardrock casino planned south of town that is estimated to bring over 1k long term jobs (after construction is complete). 

I play in the Houston sandbox, but here's an example of a ordinance nuance that I saw come up recently cost a developer a lot of money.