**Develop Good Habits** - Use calendars and to-do lists for time management

Maximum cash flow is absolutely vital.

I'd recommend making a habit of doing this annually, and getting started the moment you get your packet in the mail.

Exception #2 would apply to your condition:"Within a dwelling unit or sleeping unit in a Group R occupancy, habitable spaces and hallways shall have a ceiling height of not less than 7' above the finished floor.

I've got several rentals and always joke I'm cash-poor, asset-rich.You can BRRR via buying with a mortgage, but either the property must be habitable and just need updating or you'll need to use a DSR Rehab loan.

A couple of book recommendations:- David Greene's 'Skill' & 'Sold'- Hyper Local, Hyper Fast Agent by Dan Lesniak- Gary Keller's Millionaire Real Estate Agent- Stephen Covey's 7 Habits of Highly Successful PeopleSoak up the practical advice and apply it.The main takeaways I got from these books:- A day where you don't work to generate leads is a day off.

So I am considering two options:(1) HIre a contractor to hand off to finish the project.(2) Sell it as-is.If I go with option #2, obviously it cannot be a normal sale as the property is not habitable in it's current state, so cannot be mortgaged nor insured. 

I have also read that having a sizable emergency fund is vital, as well.

After inspection we ask seller to fix few vital items like the heat wasn't working.

You will also attract quality tenants that will make your investment safer and headaches-free.Economic Stability: Katy has a low percentage of foreclosure and pre-foreclosure homes indicates economic stability and a healthy real estate market, which is vital for investor confidence​​.