I want to find properties with good bones that I can add value to or pick up at a good price and be able to cashflow when rented.

There’s obviously the possibility of not being a lot of meat on the bone especially from the aspect of wholesaling.

What I don't like about the property:Location (possibly, but that's why I'm coming to everyone on the forum for advice)Possible costly repairs to fix the upstairs units, the bones look good from the pictures but I understand that it would need an inspection from a professional to assess things like the roof, electrical, plumbing, etc. 

However, there are some other regions of TX that still have some meat on the bone - relatively speaking.  

Although highly not ideal, you may need to find deals with more meat on the bone and keep the BRRRR going. 

Fixer upper, but great bones and  I should be able to rehab and update for about $25,000. 

@Matthew PaulI am not a GC or contractor like a lot of people on this thread so o have no bone to pick (specifically) on this topic.

It has great bones - the seller owned the house for 47 years and took good care of it.

Apparently a smoker lung looks way darker and the tar is so thick In It that when you push on the tissue wIth your thumb, brown goo comes through the surface

Many new investors might want to find an older property that has ‘good bones’ but has red shag carpet and wallpaper.