Even though i'm sure it comes with its share of headaches, ultimately I like the idea of being geographically diversified.

However I think it could have been avoided if there was communication with some explanation and clear plan forward at the time.

@Adam HorowitzThank you for the clear explanation!

It can provide you all of the explanations you are looking for without requiring members to repeat answers to questions that have been asked many times over. 

In Texas your search needs to be tailored some geographically by:1. tax rate2. muds/puds3. lease rates4. # beds/baths5. school districts6. historical neighborhood turnover ratios+ moreThe increase your monthly rents by decreasing your deposit, charging pet rent, tenant pays first $x of repairs + more....In today's market you cannot think like a 1980's property owner....

Hi @Alex R. really appreciate your explanation. 

If the existing lease does not have the language in it that allows for that kind of extra expense (which is probably unusual) that makes a tenant partially or fully responsible with explanation to the new tenants responsiblility for that type of expense for air conditioning that is unusual unless common in that area and might be discovered during the research period on the subject property and uncovered then. 

Or should I just expand my search our geographically until I find similar properties?

If he has a plausible explanation, fine.

We've actually seen traders that blow up deals and the only explanation is that if they get rid of all their assets, they're causing their jobs to disappear.