If you have a buyer's representation agreement with an agent, ask your agent to do a CMA on the property. If you do not have an agent representing you, it would be in your best interest to get one.
IT IS REALLY GOING TO DEPEND ON AGE, CONDITION, ACTUAL LOCATION, CURRENT LEASE ABSTRACT AND RENTAL HISTORY.......IT WOULD BE PREMATURE TO GIVE YOU A YES OR NO WITHOUT THESE QUESTIONS ANSWERED.
Don't buy near Baylor, Invest in Single family in the city.
If you would like to contact me at (254)548-3792 and give me more specifics on the location I will do a CMA Comp Market Analysis and better answer your question.
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