I think that type of community will become very high in demand as housing prices continue to skyrocket in Texas.

It shows in demand as eleven of the last twelve months have seen sales demand higher than the same month the year before.

The nieghborhood may or may not demand a master bath.

If you sell, it might be very hard to find a buyer and they might demand a large discount. 

Post a rent demand as soon as legally possible.

You should demand a higher potential upside on these types of projects while being fully cognizant that the project may not deliver as expected.  

So whether is it a good deal or not really depend on where you are and what you want.It's probably a good deal if all other houses that demand a $1,400 monthly rent are selling for 160k or higher.

If not, I would demand a substantial discount because you have to assume the units that weren't viewed are in worse shape (I've done this before on a package of houses, one of the things I did was ask to select which houses we viewed, thereby making it random and more likely to be a representative sample than if the seller had picked).

I looked up 2943 and it allows me, as a "successor in interest," to demand a beneficiary statement, a copy of the note, and a payoff statement.

I'm considering several options:Be hard nosed and demand a 1 year lease.