Hi..i came across a property, and i appreciate for any input you may haveInfo:--------------------------------------------the sellers Real estate agent said..2 family homein its current situation the house worths $308kthe seller is asking $250Kthe house has tenants producing $3800/ monthComps:The houses rehabed afew blocks down  sells around sqft/price $207-$262  i talked with another real estate agent he said 3 families run around $400kEven though this one is not a higher end, it is being asked at $262/sqft   Questions:Does this deal makes sense?

I apologize for the block of text.

Ideas for Cinder Block WallsHas anyone done anything creative to cover cinder block walls on the interior?

I wouldn't depend on student rental there because it is largely dominated by a few blocks of housing on Eaton St. and Oakland Ave.

Note: the home is currenlty on a permanent block foundation from what I can tell.

Caterpillar Manufacturing broke ground on their new headquarters a few blocks away.

Both the driveway and back patio are concrete pads that are cracked and broken (beyond repair).

Last summer we had 75' under asphalt 4' excavated and replaced about 30' of old 6" concrete sewer line with 6" green ABS for $5028 all-in, including 8% sales tax.

I plan on purchasing mf in the downtowns of the cities surrounding Houston, mainly those with a more “Americana” type of feel( white picket fences, 4th of July block parties, neighbors worship together, founding families are still around and they let you know it, high walkability score, families are out on the street with neighbors, doors are unlocked.....)It is tough to comp certain property because they might be the only type (or one of the only two) AND some of these towns do not allow any more MF to go up, so the MF owners set the market.

Here, prices are different (big differences) from one block to another.