Prices are through the roof, Insurance cost have skyrocketed, maintenance cost are up a lot, taxes.

Investment product marketers who claim to be GPs, GPs who claim “ownership”, insurance salesman who claim to be “financial advisors”, people who attended an executive training program claiming to have an MBA, what ever happened to honesty?  

“ cash flow returns” almost always compare horribly to a simple bank CD after you deduct for insurance, prop taxes< vacancy, capex, prop management (or your personal time.) etc etc etc. 

It’s also worth verifying if Beaumont and Port Arthur have any specific contractor registration or insurance requirements, as local compliance can sometimes impact project timelines. 

This was the first property we carried flood insurance on, during our project.

He had insurance on the S-Corp for one million and none for himself.

.- My insurance was cancelled until I fixed roof issues.- Debris littered the recently occupied unit, the basement, and all over the back yard.As mentioned, we had an initial video walk through before the contract to purchase.

Got insurance involved and use that money to remodel the entire inside, and add a new roof.

Condo mortgage is $2100/month (with insurance, HOA fee) and the rent would probably be $2200/month.

How bad is the insurance, how high are the property taxes, is there an Hoa, etc etc.