Hey folks. I have a property an hour north of Houston in Livingston TX. It is a single level, 5 unit complex. 2bed/1ba units. I also own the plot of land next to it, which would accommodate another 5 unit complex and the city is very welcoming to developers wanting to increase housing. I would include the empty lot with the 5 plex. The current rents are $650, $700, $790, $800, and we are currently processing an applicant for the 5th unit at $800/mo. The renter at $650 is month to month and can be increased as seen fit by a new owner.
I currently have it listed with a local realtor at $400k. I would carry shorter term contract with $200k down.