The best advice I could give you is to look at comparable sales in the last year in your immediate neighborhood and see what they are going for $/SF wise.

In the end I want to educate myself so I can act wisely but also take action so I can get hands on experience and get started. 

Thank you so much for the responses.I am learning a lot.Is it wise to use the property address itself for the LLC?

(Did that sound like wise Mentor advice?

They chose wisely!!

I'm relatively young at 25 but my main focus is building long term wealth and investing wisely.

It would be wise to bring this up with your attorney in Texas before doing anything.

I like wise agent.

That would be wise.

Originally posted by @James Wise:@Jeff ParkinIf you can swing it I would recommend taking the 28k and use it as down payments for a couple properties.Principal paydown is one of the most overlooked benefits of owning rental property.I'd love to, but as I mentioned above to Scott...