Investing in the Houston Market is not hard. Making sure that you purchase the right properties in the right areas/neighborhoods is the key to successful real estate investing. Sometimes purchasing the ugliest house on the block and turning it into the swan is the key. If you purchase the home at the right price (low) and make all of the right updates, I have found that renting these properties out aren't difficult at all. In Houston, you could easily squeeze out 3 (possibly 4) properties with the 350K and have a positive cash flow each month out of each of the properties. Normally we strive for approx. 15% cash flow each month. I also encourage my investors to take out 1 year Home Warranties (which you may be able to secure at the purchase of the home paid for by the seller) and this will help lower any larger repair costs that may occur, with the tenant paying any deductible that the Warranty Company will have. My investors prefer to deal with single family homes as we tend to get a lot of "transferees" or people looking to purchase a home but they aren't quite ready yet. Due to the recent changes in the loan qualifications, more and more potential buyers are having to rent a home until their credit scores are much higher. So it's the perfect market to purchase rental properties. Remember the right neighborhoods with a low ratio of renters, good school district, close to shopping, etc. and buy low, don't be afraid to do some fix up repairs, make the right choices (carpet colors, paint colors, upgrades) and you should be on your way to a successful real estate investment career.