You were not afforded a reasonable (in most states, 30 days) amount of notice to re-market your property. 

I own one rental house in Cypress, but with the current market I have not been able to find another existing single family home to buy that looks like a good investment. 

See if you’re in a tight market.  

What markets are you looking at?

I am proficient in investing and confident in earning 7-10% returns in the market over the next decade or two.

From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action. 

How are you coming up with that much larger market rent for all those units?

If a policy excludes wind coverage (more common in places like Florida where insurance is severely strained by weather and other market conditions) then all wind related events are excluded.In those cases, it's sometimes possible to purchase a wind policy (usually covers wind & hail) which would provide tornado protection.

What neighborhood is this triplex in and di you find the property on MLS or off market? 

We are Canadians eyeing up the market in the USA and looking to start investing in properties across the border.