Investment Property In Houston

[Saud Alduweesh]

Hello all!

I'm considering a cash deal to buy a house and lease it. Budget $200K. 

I've seen some turnkey options in the north and some existing options in the inner loop, but being my first time exploring this market I want to learn few insights from established people.

What location, type of house, and builder is recommended? 

[Tushar P.]

Why buy with cash? The opportunity cost will be very high and the cash on cash return very low. Is it to ensure that cash flow is positive? If yes, then might as well put the money in REITs which will provide diversification, liquidity, and a steady cash flow of 5-6% with zero effort.