That means find a house where there aren't going to be any hidden issues with very expensive things (i.e. foundation, roof, mechanicals), and get a good inspector to make sure they agree with your assessment before buying.

Long story short, evicted the tenant, put on a new roof, painted the walls, replaced carpeting, added a 1/2 bath, got a new amazing tenant in place (they have since finished the basement, added security alarms, painted walls, added cabinetry... all on their own dime) paying $850 a month.Fast-forward again to last year.

Rude awakening about what the term Watershed really means fortunately my personal home and three rental properties between Katy and Rosenberg were not in any of these locations and did not take on any water although there was a little roof damage.

Got it for a good price pre-construction and was essentially a new build, new roof, central A/C, W/D in unit, dishwasher, bamboo floors, new kitchen with granite, 16 ft ceilings, small loft area, skylights (yes, it is the 4th floor in a walk up). 

Of course roofing and year of ac unit matters, but do investors really focus on the age of the house?

The home doesn't have a finished roof, bathroom or kitchen AKA it is not in any sort of livable condition. 

Be sure to check flat roofs, HVAC, plumbing, etc.

Hi All - I had a contractor add flashing to a rood based on an inspectors recommendations. The inspector pointed out that where the porch attached so the wall of the house needs flashing. The contractor used this flas...

I don't know how large your condo complex is, but for condos of 50 or more units, it would be a challenge to get every owner to get to it, and properly clean the vents if it was discovered  vents were never cleaned and it could be a safety hazard.I also had special assessments for new roofs, other building wide improvements at my rental condos. 

Nick,The whole project was rehabed in 2014 and updated with handicap access on the first floor, new roofs, and better parking arrangement.