Our plan is to get in, rehab the property, increase rents, decrease expenses and of course increase the NOI of the property. 

How do you best utilize all the resources (networking, podcasts, resources) that BP has to offer on this site to increase your net work while decreasing the time it takes you to achieve your goals?

The population of New Orleans fell from 484,674 before Katrina (April 2000) to an estimated 230,172 after Katrina (July 2006) — a decrease of 254,502 people and a loss of over half of the city’s population.(1) By July of 2015, the population was back up to 386,617 — 80% of what it was in 2000.So apparently once a large disaster hits an area, its safe to assume 2 things: 1, people leave en mass. 2, it takes them a long time to come back.I'm not sure the Houston area will ever be what it once was.

I'll keep a closer eye and perhaps offer them a small decrease to incentivize them to stay if the price is out of line next spring.

Demand from buyers seems to be decreasing even though inventory remains relatively low.  

https://research.realtor.com/housing-shortage-boomers/

So for example if you decided to convert the car wash site to McDonalds would you get a water credit since the water use would decrease significantly?

Locally we just had a large manufacturing employer have their value decreased  by 10mil.

If you are underwriting a property do you consider that the income may actually decrease (if so by how much) or do you think worst case scenario rents are stagnate?

I am laser focused on  educating myself about analyzing opportunities to increase knowledge and decrease hesitation that results in missed opportunities.