Lease options are FUNCTIONALLY illegal in Texas.

Housing is a major problem for people who just don't know how to function in this modern world.

I need a  lead capture function. 

If that definition of market value is met, you never buy under market value, the price you paid is the market value.Distressed sales may be from the motivation of the owner, the property condition, it may be under performing or there are issues of obsolescence, functional or external.Cure the matter that effects the property, mismanagement, condition, functionality or obsolescence.Going the route Chris mentioned can be done, it's not guaranteed as an over night method as it may take time to achieve a record that can be shown in the market and there will also be more emphasis on the management ability of the borrower.

What defines 'PIG" is functional obsolescence, age, CapEx overhead due to the previous 2 items, class of tenant attracted to location and structure, etc.$30,000 in SFR space buys 1 type of thing

This is the function of an agent.

We also do annual inspections before we renew leases, and we let out tenants know that this is to make sure everything in the house is safe and functioning like it should.

Again hit the search function. 

@Brennan Utt Hi Brennan.I agree with @Jonathan Key The bath in your picture looks functional and it is a good feature to have a separate shower and tub in a wash room.  

cap rates are just a function of NOI / purchase price right?