He will likely lose all of his current residents unless the place is nearby and of similar condition.

There are also good neighborhoods nearby to pick up some investment properties, although 1% rule is going to be tough to hit and the $350-450k price range is going to be slim pickings and highly competitive (due to the affordability issue here the entry-level price range is far and away the highest demand market segment).

By this I mean, If the previous contractor told you it’s best to knock the home to the ground and start over I would be looking at new construction costs as well as lot prices in the nearby area.

Any upcoming meetings in Houston I can attend? I’m new to real estate and want to learn more and connect with people?

Nearby schools include West Side Elementary School, Braddock Middle School and Allegany High School." 

As I understand it, Dallas sprawls out, so rents don't rise like they would in geographically constrained city.Does the $4B project mean that more people are going to be drawn to the area or does it mean that there's a whole bunch of new competition being built nearby?

It was <C-class but in an industrial area & in high demand for those working in the facilities nearby.

@Miguel TrevinoIs the nearby college primarily a commuter college, or in a rural area?  

IE has an amazon distribution center set up shop nearby, manufacturing or warehousing recently come to town?   

That's not a good sign; it implies locals view this neighborhood as less attractive relative to other nearby areas.