But from what you're saying, they won't find a cheaper place because they are so far below market with that increase.

It is probably cheaper to spend the money for testing and know where it is, rather than assume the asbestos is there and spend boatloads on remediating something that doesn't need to be remediated.

Its hard enough to find the "right" house to live in, but when you add factors like: foundation repair, new roof, new hvac, complete cosmetic over haul, it makes it that much more difficult.Certainly can be done, and not only that, you can find a house in Collin county off market cheaper that what you would pay retail.Its important to make sure you have a resource for properties, an investor friendly lender Ie.

If you don't have significant other assets to protect, it's probably easier and cheaper to just get an umbrella insurance policy.

@Rodney MillerYour math is incorrect.The leveraged portion of gross income is considered UDFI and therefore taxable. 

You will find much easier and cheaper financing options and can get into a home with as little as 3% down (and depending on your income, potentially no money down).

One last challenge is their estimate of property taxes - they are all VERY low:(Michigan has some interesting property taxes because there's a Taxable Value and a State Equalized Value, as well as Homestead and nonHomestead millage rates. 

If a deal is good enough to fund with lots of credit card debt, there is probably a better and cheaper way to fund it.

Keep in mind: For the 2024 tax year, individual filers won't pay any capital gains tax if their total taxable income is $47,025 or less.

I know nothing about Plano, but I can tell you that less desirable areas will have cheaper properties, higher vacancy, lower appreciation, lower quality tenants and better cash flow.