Amazing, no debt and 10k before graduating!

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 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I believe this is what they call a pier and beam foundation which I have no experience with so I have no idea what it would cost to fix. 

For context, I am working on a passive investing platform with no cash-flow and emphasis on equity growth.

When it seems like they have a final bid and no one is willing to increase it, they will often times go talk to the owner for a few minutes.

Purchase price $525K, appraised for $760k (no major nor significant Reno was had). 

If your market won’t appreciate you obviously need way more than the 5% you can get in the bank with no risk.

There is no perfect property. 

houston is probably similar pricing to Columbus Ohio but way worse zoning laws. we take 20% on top as a GC and a guaranteed fee agreement. our contracted new construction projects recently:Single family new build spec home: 1513 square feet with 3 beds 2.5 baths 1 car attached $275000 approx $182 a square foot if calculated using heated square feet which means our cost is $145 a square foot. 3 unit / triplex new construction: 2008 square feet 2 bedrooms 1 bath per unit or total 6 bedrooms 3 bathrooms with 3 off street parking spaces. contracted build cost $395,000. no garage on this and better economies of scale with shared roof, slab, etc. $192 a square foot hard cost with our cost running approximately $157 a square foot. 

I think in most cases, no.