Is this common problem in older homes in Texas? 

Flexibility for New and Experienced Real Estate InvestorsWhether you’re new to real estate investing or a seasoned pro, DSCR loans offer flexibility that can benefit both types of investors.

Whether that means a "cash out refi" assuming you can get rates that work, or a 1031, get your money working for you.I work with many investors that are looking to use a 1031 to move an older depreciated property into a New Construction investment property that will work well for Cashflow, Appreciation, and will give them great tax benefits with the reset depreciation.Feel free to connect if you have more questions.

Lack of experience and availability with finding deals on older homes to be able to buy below retail price and obtain positive cash flow.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

As we get older, we no longer have the desire to add more homes to our portfolio.That said, with our experience doing rehabs, working with private funding and with the majority of our homes paid off, we are now in a good place to start offering investment funding ourselves. 

I guess i got screwed by old Eric too.

Hard to tell from here, but your prices seem very high, although I do understand that "emergency" service during the high heat season will cost dearly...As LL, appliances, including HVAC that you have provided in working order, you need to repair or replace as needed unless local law AND your Rental Agreement state otherwise, obvious misuse/abuse excepted.

That's why we are here on BP, to gain insight and recommendations from seasoned investors.

Found a really good deal on a 2 bed 1 bath older home in pretty decent condition.