However, the worst decision in real estate investing are made because of emotional attachment to property and both of these have that potential (although they also have high value if done correctly).

With the growing demand for both urban living in cities like Austin and suburban areas surrounding Dallas and Houston, where do you think the next big wave of homebuyers is heading?

You are correct you can learn a lot from books, podcast, shows.

You are in fact correct that yes, I am currently analyzing potential investment areas behind a computer.

Supply house took windows back pending any credit from manufacturer , it was denied all the paperwork was correct .

@Ted Barrettyour analysis is roughly correct. 

Were all of the renovations you did in the past permitted correctly or DIY?

Correcting this should adjust the profit at sale.Additionally, your property taxes seem quite low.

Last question, you are hiring an architect and submitting plans to the city in a renovation like this correct?

Quote from @Felicia West: Thank you, Zachary for your very thorough explanation.Quote from @Zachary Jensen: Hey Felicia, At a high level you’re correct that when you and your husband’s income exceeds certain thresholds (over $150,000), passive losses from rental properties, including depreciation, can’t offset your W-2 income unless you or your spouse qualify as a Real Estate Professional (REPS).