Adding value through improvements can increase both rent and property value.In summary, while Plano has many attractive features for real estate investors, current market conditions suggest careful consideration is needed, especially regarding cash flow.

One more tip – people remember stories that trigger their emotions.

You are heading in the right direction to get the financing options laid out and then find the deal so you can pull the trigger for the right one.As far as HML options be sure you get all the details before signing anything . . interest rate, payment terms, what if you need to extend, points up front, etc

You can attempt to assure compatibility by interviewing them and taking into consideration your other tenants, but at the end of the day, they're adults and it's up to them to get along.

 There are a lot of factors to take into consideration when drastically changing the blueprint, especially from an under writing perspective.

The other consideration is the opportunity cost of buying just for appreciation.  

One more tip – people remember stories that trigger their emotions.

This approach can be more passive and carries considerably less risk than undertaking new developments or flipping properties.

If you still have a mortgage, contact the lender to ensure the transfer will not trigger a "due on sale" clause.

That is probably a valid consideration.