I still think it's a good investment based off the numbers above regardless. 

I hear it happens based on the insurance policy change when it does happen.  

Paid 12800.based on google mapsThe property is a mess.

Do you have a preferred type of property and price range you're looking for in general (knowing the costs can be different based on they market)?

If it is recorded as built in 1920, that is what the insurance will be based on.The most valuable update with regards to insurance is the roof. 

I did work for a commercial real estate investor prior to jumping into syndication, so that gave me a strong knowledge base to start with.

Reason why is if you go to sell it, people are not going to comp it based on 40 year loan.

That also plays a major role in what to do. end of day stocks and real estate over time provide the same return on average - so it is really based on the individual, their experience and desire Thank you. 

@Rami Refaeli I am on the Fort Worth side of the metroplex but the company I work for is based in North Dallas.

Even a single family builds can vary significantly based on site conditions and required structure/design.