However, running the numbers, my retirement doesn't seem very feasible.

Unlike other large cities, Houston doesn't seem like a place that would do well in multifamily living.

The comps for my condo seem to suggest that it is only worth about 80% of the purchase price (It was purchased at the very end of 2004). 

For a beginning investor, it seems like a low barrier to entry way to get the ball rolling. 

If that is what you are dealing with, short of talking to the neighbors that have been in the area for years and seem to know everybody elses business, I'm not sure how you would go about comping it out.  

You were able to get your reno money out of the refi it seems. maybe I'm missing something. house looks great for a quick reno. you must have a great team!

Seems like an amazing deal!  

@Lane Kawaoka MFH just seems so much more intimidating.

With Hexagon, Ernst & Young, Caterpillar, and others locating their offices in downtown Tucson, it seems likely that demand for central housing will become even greater.

The thought of living in one side of a multi-family and renting out the other side seems appealing, yet somewhat daunting.