Investment Info:Single-family residence fix & flip investment in Houston.

What do you like about Houston ? 

I’m reading the guidelines for MF parking requirements and understand the following requirements: 2/1: 1.66 spots1/1: 1.33 spotsStudio: 1.25 spotsSome of these old small MF building 5-10 units have just enough spots. ...

Investment Info:Single-family residence buy & hold investment in Houston, San Antonio, Dallas/Ft.

Thanks for the reply Jon - I have re-check the math:$426000 total- $85200 downpayment = $340800- mortgage4% interest rate -$1627/ mo - principal &interest3.45% property tax rate- $1225/mo$203 /each unit - maintence + hoa + access to community fitness center $ 3258/ mo  total pay out of pocket$4000/ mo expected rent $4000- $3258 =$742 cash flow Coc roi: 10.45% ( $742x12 / 85200)( I did not count the vacancy rate ) ( expected 100% occupancy) Do anyone think it is a good rental property in Houston at all? 

We buy in Memphis, Dallas/Fr Worth, Houston, OKC, Tulsa and Little Rock.

Not saying not to do the deal; but remember certain parts of Florida in 2008 when construction stopped and the job market was not as diversified as it is today or Houston during the oil crisis of 2015-2016.

Also any recommendations on how to go about it, we are in greater Houston area (southwest).

We also have development projects in Houston and surrounding areas.

I want to take the leap into real estate investing with my first home -- so looking to buy 3-4 units in Houston TX market.