If we go back to historical data, the median sale price for a house in Dallas-Fort Worth rose 6.31 percent from $236,100 in November 2016 to $251,000 in November 2017, according to the data from the Texas A&M Real Estate Center.

Assume that 90% of the value belongs to the building and 10% of the value belongs to the land, the capital cost of the building is therefore 90% x $300,000 = $270,000.Where am I getting with all this?

@John Fish You'll have to let us know the amount of capital you are trying to place, and what your investment criteria are, because the Philly market is very much alive & well, I track Center City & the surrounding neighborhoods daily, and about 50-100 new properties are coming on the market per day (some of which are going under contract very quickly). 

Anytime you receive a loan, you can expect to have to pay interest (in this case, your payment goes up), otherwise, the lender wouldn't make any money :)If you do not want your payment to increase, there are a few options:Re-negotiate the length of the loan to be longer - a longer loan term can reduce your payment amountSee if your lender will let you defer payments for the first 12 months - this will allow you to secure a 30yr mortgage on the investment property and pull your cash back out of the investment, or it will give you time to get that property to start cash flowing, which will cover your $285 payment increase.See if you could pay interest only on the 100k refinance - this will reduce the $285 payment, and may be easier for you.Taking out a loan (a cash out refinance is a loan) will cost money in some form.

If changes in size (smaller or larger), type, or location are desired, or if the door jam needs replacement, a plan check conducted at the public counter of a LADBS Construction Services Center is required.

See the article below for some infohttps://rsmus.com/what-we-do/services/tax/the-dilemma-of-dealer-or-investor-classification-for-real-estate.html-If you feel meet the investor designation the next trigger is how long you hold the property, if it’s less than a year you will be subject to short term capital gains, if more than one year it will be long term Capital gains.

Do you believe it’d be a good investment to buy land somewhere that is expected to become the country’s economic center in the future?

I am a developer looking for sites 1-2 acres in the Austin to San Antonio corridor to build multiple building fourplex townhome clusters in/near South Austin, San Marcos, New Braunfels, San Antonio downtown or suburban town centers.

For house hacking, I would recommend to stick to 24-hour centers.

It's a nice corner lot home that belongs to a late women's estate ran by her two sons.