Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

Also, inside the house, the water heater is not compliant with code due to the fact that it does not have a drain pan and separate T&P drain lines that drain to the exterior.

Each class has different tenant pools, appreciation, turnover rates, etc.

"wets" likes water, storm, sewer, and "dries/dry" like gas, electric, etc.

Does your Canyon Lake property have a view of the water?

I can see though flipping in the expensive markets.. its alive and well just numbers that would make most folks eyes water in the rest of the country.

Get a vacation rental on the water for a couple reasons.   

In essence, water enters the sealed septic tank, solids are separated, and the water then moves to the porous leach fields for ground absorption.

The RV was parked next to a guys house with a 'clothing optional pool' but that's another story....

If low crime area, just turn off the interior water meter valves.