My last 95% LTV Home Possible loan was the month before they changed it to being 80% AMI for census tract.But if triplexes and fourplexes were somehow that cheap (so cheap that low income people could buy them, and enjoy the cashflow MONSTERS that they would thus be), wouldn't the prices just get bid up?

I especially enjoy the Italian market and all the shops around it.

Although some people do get nervous making these investments out of state, many people enjoy not having to watch over these properties, as the distance will keep you from feeling like you have to check in on them all the time. 

Purely my opinion.

What is your one best 'referral' resource to learn and acquire the 'chops' it'll take to enjoy a decent living?

I'm not an expert on Houston (besides thoroughly enjoying my Kinder Morgan capital gains & dividends), so this is not a topic on which I can give an educated projection.2.

While I can't offer you 3 more hours of dialogue, if you listen to Podcast 61, you'll be able to enjoy 2 more tantalizing hours of Josh, Brandon, and little old me...It's on YouTube too, by the way :)Thanks so much for the kind words, Aaron!

Maybe $1,000 then see if you enjoy screening sellers, and making offers. 

If you find that landlording is something you enjoy, you'll have lots of cash for a down payment on another property.  

That being said, I enjoyed my time there and don't regret going.