Staying out of the high crime and some of the extreme high end areas is our goal, supply is low right now, but plenty of deals to be made especially for those that are house hacking, or have skills such as rehab experience.

Heard a funny story once where some first-time buyer was at the tail end of a several month FHA purchase and had a surprise divorce... supposedly the realtor ended up "purchasing" his swing-set for $3,500 to get him over the bar for required funds, and had to supply the bank with a notarized letter of purchase so they wouldn't write the deposit off as an un-seasoned gift. 

So far I have 1099, Advertising & Marketing, bank charges & Fees, Capital Expenses (for remodels) Car & Truck, Contractor, depreciation, donations, Employee benefits, insurance, interest paid, inventory assets, job supplies, legal &professional services, loans/points, meals & entertainment, office expenses, Rent & lease, repairs & maintenance, salaries & wages, taxes & licenses travel, utilities.

As for missing expenses....management software, management (regardless of if you are self managing), office supplies are a few that pop into mind.

I can supply a free quote.

Texas has a lot of opportunity but be careful when you buy, I hear that you can get in trouble as an investor in the event you buy too high because Texas' appreciate rate is one of the lowest in the country due to the fact that there is so much land there's excess supply and little demand even in today's market!  

Sad, of course, for those of us trying to create Class A assets, but you can't argue with supply and demand--it's simply reality.

MF follows nice cycles from boom to bust and once supply hits the top and vacancies start to increase, rents will erode and incentives blow up eating into the cash flow quickly to the point were debt service becomes an issue. 

One way of figuring out supply is to calculate how many sf. of storage per person is available for rent in about a 3 mile radius of your target facility.

They use under gauged wire, 2x2 walls, and inferior building supplies.