@Daniel Reed, cost of money is killing good returns these days. 

$77,000 earnings on a $190,000 investment is unheard of in real estate, but quite normal for a well running business.New RE investors are always after cash flow and CoC return.

This sounds like a solid return!

Not sure the returns on that property given any more investment would be worth it.

I have heard positive things - expect lower overall returns in exchange for them doing the work! 

But I know several people who made this mistake even after I warned them including someone who dumped 3M into a fund that promised to pay 10% return. 

You'd be surprised at how many people are looking to work with real estate developers to generate returns higher than the market, but they don't widely advertise this.

They do, however, have up to 60 days to return a security deposit after a tenant moves out.If an eviction is necessary for nonpayment, landlords are required to send a seven-day written notice of the payment due.

There are always deals out there and Texas is experiencing a return to normal with pricing coming down and supply staying up.

There are no tax deductions for such gifts, however you have a $15k per recipient annual gift limit that avoids the chore of filing a gift tax return.