This has been my primary residence for the past 2 years and during this time my wife and I repainted every single inch of the interior, fixed up the yard, and remodeled the kitchen among other small cosmetic fixes. 

Insulation: If doing a total rehab consider paying the difference to have 4 to 6 inches of spray foam insulation installed in the exterior walls and rafters.

I work for the fed. gov. and Karen is a stay at home mother/full time looking for investments.Our end of the year goals are the following: 1) finding a house hack in Sierra Vista (which has proved difficult with sellers in the area wanting waaayyyy to much for their properties and not budging an inch), 2) doing a BRRRR on Karen's grandma's 3:1 property in Omaha, NE (very excited about this since its a fixer upper in a neighborhood with similar rentals going for around 1.2K, and finally 3) buying an additional property, single or multi, in an area that is not Sierra Vista, so a long distance buy. 

After discussions with the local building inspector about different options we decided to decomission it in place (basically filling it with concrete) and building a second wall in front of the fire box, which caused us to loose about 5 inches of living room space.We also opened up the tiny kitchen into the living space by removing the load bearing wall in the center of the house and installing a structural LVL beam in the attic to handle the load.

For example: A 10 wide x 20 deep x 8 tall unit, with studs, roll up door and doorjambs; is really 9 wide x 19 ft 6 inch deep x 7 ½ foot tall.

As you may know Houston experienced significant flooding a year ago and this Home took on less than an inch of water in the back bedroom because of debris clogging up the French drains, no other homes flooded in this neighborhood or ever have for that matter. 

Storage of items in or on the premises: Items stored shall be at least twenty-four (24) inches from the heating system and the hot water heater.

For instance, Texas in November surpassed its previous pre-pandemic employment high by inching close to 13 million jobs.

If it hasn't moved more than an inch in the last 5 years, it's probably not going to move 3 in the next 5 unless you have water issues. 

If paid off in 10 years, lets say its 25K with rents inching up.