That being said, the real estate market is a very inefficient market which is great if your willing to look for these inefficiencies and thus hopefully realize a return. There's a lot of different ways of doing it, but you need to know what you want to do first!
Let me know if you have any more questions.
There are a number of subdivisions around Houston that may have properties that would meet your criteria. Distressed properties may fit the bill, but I think you can run a basic NOI on different types of properties to see what fits. I am Short Sale and Foreclosure (SFR) certified and a CPA, so I can give you some good guidance in these areas. Let me know if I can help.
I currently have a home in the Cottage Grove area that would be a great investment property. This home was converted into a duplex and now currently has 2 units with each unit having 1 bedroom, living area and kitchen and separate entries. It does need some updating but I belive it can be very lucrative. Call me if you'd like to discuss.
RE/MAX West Houston
281 723 1369