We are considering investing in Houston as foreign investors (from Belgium), our goal is to find and start with a long-term rental single or multi family home. 

Is it a paid off $100k home or $5M home? 

Quote from @Michael Navales: Quote from @Budhavarapu Ranga: Hi,Me and my friend OOS have bought a new single family home in Buda TX as a rental investment.

I ended up building one form zero and built 8 homes and the idea was to make them into a unitque venue.

New here, does anyone know if you need any special license to own, operate or expand a facility in Michigan?

Being nearby allows you to stay hands-on—you can see, touch, and fully immerse yourself in the process.There’s a lot to learn, not just about managing rentals but also about overseeing property management companies.Handling tenants and maintenance can feel overwhelming at times, but starting with a property close to home gives you the opportunity to gain valuable experience.

Negotiated a 2 year $15k owner financing at 0% interest.

That’s your home mortgage interest as well as property tax and insurance for 2nd half of the year.

He was my inlaws realtor when they bought their first house, and we have used him for 3 single family home purchases.

We deducted the cost of cleaning the home, the carpet, and some other drywall and paint damage to the property.