Quote from @Jules Aton: It could be a nice opportunity however I would be certain they will want you to make up the difference between $250,000 and whatever is left on the mortgage which btw in my opinion should be done with lender's knowledge and approval.  

It’s an exciting market with tons of opportunities.

@Cameron Miller Sounds like a potential nice deal, but also potential red flags!

I currently rent and am very frugal , no debt, drive a used car, have a roth ira etc  I have an opportunity to get a 1980 4 bed 4 bath ranch duplex ,full basement , one car garage per side,, new roof, original mechanicals duplex from a family member off market in a solid B to B+ area/country setting 1.5 miles outside of east side of city of 150k people.

@Donald Hatter"Yes, I’ve successfully completed five Opportunity Zone projects in Houston.

Only fear is that I also feel that if I don't buy a townhome/condo now I miss out on the opportunity to live in this area if I ever plan to buy a property. 

When I first started investing in real estate, I discovered how important it was to identify and capitalize on the right opportunities.

Real estate has a lot of opportunities, and I’m focused on growing my portfolio as well.

Hey Christine,You're smart to look outside of LA for better rental opportunities!

Anyone in Houston investing in an opportunity zone?