The largest argument against DSCR is the rates are higher than conventional. 

I've never even been to Texas and I can seen the appreciation and economic growth - might need to take a trip there  The Texas property tax sales comment is specific to Texas.  

Besides your rent, your cleaning fee should be the largest expenses for your normal operation.

-NationsIt makes little to no economic sense to do a renovation in this neighborhood.

The problem is it's a very economically depressed area.

The fact that 8 acres were developed and 200 were left as farm is a clue there is some issue.Another first step would be to determine the possible economics of the development.

Having a safe forum for LPs the share their experiences is needed.Cheryl  In EVERY business there are two kinds of market participants; the people/companies in it for the long haul, through both good and not so good economic times, consisting of EXPERIENCED, PROFESSIONALS whose careers are dedicated to and dependent on fulfilling the needs of their clients/customers.The other type of participant are in the particular business because it’s OPPORTUNISTIC for them to be in it AT THE TIME.  

This is the book https://www.amazon.com/Capital-Twenty-First-Centur... but it's real technical economics slog. 

I think he ended up spending 30-40k for the fire suppression system, windows, and whatever else the city required... and I'm not even sure this is possible anymore, since I think Union City's program is not going on anymore, and, in general, they require showing off-street parking.I'm uncertain if the economics will make sense for you, although I'm not sure what JC may require or how your basement looks now.

I was conflicted on DR's adamant position against leveraged debt, however, having a degree in finance and economics I believed I had well balanced approach.