If you have no idea how to set up a pro forma that will answer #1, and #2 your issue may or may not be the numbers on the condo, it may be your analyzing technique.  

Remember, your tenants aren’t going to pay you more rent for a pretty basement so only do what you need to to keep them warm, safe, and dry.

However, you'll want to check your local and state regulations just to be safe.

Again, location is key for this, parents want their kids leaving for college to be safe, what are the best areas of Waco that also have easy access to campus, those are questions to answer to judge profit potential. 

You gotta be constantly adapting and utilizing todays tools and techniques which are generally out in paperback about 6-12months after there no longer viable. 

Paying too much initially can significantly impact overall returns, emphasizing the need for thorough due diligence and possibly more stringent financial analysis before purchasing.For future investments, consider leveraging local market knowledge further and refining your property evaluation techniques.

Everyone wants to live in a nice house , in a safe area , with good schools .

To be safe, it's best to review the specific laws of the state in which you own or plan to own property.

Hello everyoneI am an investor newbie, looking to make my first deal. Doing research, i saw content from Morris Invest, and immediately thought it would be a good fit because it would take away risk for mistakes.I hav...

You might get it look good, but if you have no permits it might not be safe or up to code and might make the house hard to sell down the road.