@Todd Fox  Food for thought, the contractor has the choice of walking away.

Louis is on fire right now, and there is some explosive revitalization happening in Tower Grove, Benton Park, and Fox Park. 

Check into one of the meetups, there is one at the Gingerman about once a month (the next one is 8/3) and one in Richardson at Fox and Hound. 

@Kevin Fox Thanks for the welcome, I look forward to speaking with you Kevin.

I had been an attorney for many years, I had many friends who are licensed brokers working around the clock like me, I have even had clients who ado buy, fox and flip like many people on this site but my financial life changed only when I figured out that there are some very successful fund managers out there who would be willing to coach me if I can make it profitable for them to do so beyond the $25k or $30k I would pay them. 

I would hold off on Marist student housing for now; Fox Run @ Fulton is building their phase 2 and will be leasing summer 2017; not sure how many more beds with this project.I do noticed on CL that houses that used to charge Marist students average $700 per room not including utilities; these days I am seeing $500 all inclusive.  

Do you have experience with the law firm Fox Rothschild or do you use a different firm?  

There's a proposal for a large market in Fox Point, which would boost what's already a pretty desirable area.

at the Fox & Hound on 11470 Westheimer Road from 7-10pm(RSVP through Eventbrite) November 10 "Century 21 Networking Events for Real Estate Agents" at the BBVA Compass Stadium from 6-9pm(RSVP through REIA Houston Website) November 15 "Houston REIA - November Topic: Wholesaling for Beginner Real Estate Investors" at the Double Tree at 6 Greenway Plaza (venue changed, typically its the Hilton on Post Oakon the third Tuesday of the month) from 6-9:30pmLooking forward to hearing from everyone on here.

Units45Property Sub-typeGarden/Low-RiseBuilding Size36,712 SFProperty Use TypeInvestmentPrice/Unit$31,111.11Cap Rate12% Facts: Scheduled Gross Income: $267,420Scheduled Monthly Income: $22,285Annual Operating Expenses : *taxes - $18,706 *maintenance - $45,000 *property management - $26,742 *miscellaneous - $10,000Estimated Expenses: $100,448Annual Net Operating Income: $166,972Monthly Net Op Income: $13,914.33Description:The Fox Hall Apartments feature 45, one, two and three bedroom units in 6, Two-Story Apartment Buildings, Plus 1, Single-Family House built in 1963 with Leasing Office and Laundry Facility.