In Texas, you can choose Replacement Cost roof coverage, Actual Cash Value roof coverage (which factors age and depreciation to give a partial payout instead of full payout), or no coverage at all for wind & hail damage (an exclusion). 

Just think about your insurance deductibles for those bigger claims like hail storm. 

Through a well timed hail storm we collected a check and began renovations to get our condo ready to sell. 

Weather-you really have a lot of it and it can damage-like wind and hail and trees falling. 3.

Insurance costs are also higher due to frequent hail and severe weather.

There was a hail storm this spring and evidently that has kept them so busy that even highly rated (expensive) contractors wont even call me back.  

New guy here hailing from a small town 40 minutes west of Houston,TX.

I am a smaller general contractor (6 employees) and we specialize in residential insurance repairs (fire, water, wind, hail) so I am very well versed in all aspects of residential construction. 

Income:$3,800 Gross Monthly Rent CollectedExpenses:Management $380 (10%)CapEx $228 (6%)Repairs $150 (4%)Vacancy $304 (8%)Wind/Hail $200 (5%)Property Taxes $200 (5%)P&I: $1,900 (50%)NET PROFIT = $450-500/MonthCash on Cash ROI: 8%LOAN DETAILS:Purchase Price: $350,000Downpayment: $70,000 (20%)Amortized Over: 20 YearsLoan Interest Rate: 5%Income-Expense Ratio: 1.08%Gross Rent Multiplier: 7.68

I hail from the mortgage industry (MLO) and have been interested in Real Estate for a long time.