I ask because I am up here in Pinellas by the Gulf Beaches and our 2-4 Units run between $300K to $650K.Miami 2-4 Units run between $850K to $1.8Million and the Taxes and Insurance premiums are higher.

I have not even made any cash flow from a month to month basis and the current rent does not fully cover property tax, insurance and mortgage. 

For starters, if you want to manage properties for others, you should get licensed as a real estate broker and pull insurance.

It is a little more challenging to break even on a BRRR in TX because of the property taxes and insurance so you might not be able to pull all your money out of the deal but I wouldn't let that turn you away.

Then again, realtors, attorneys, banks, title companies were all involved   Regardless, I would want a lease to have a “wet signature”.  

In our contracts, there’s a paragraph that says whether or not the buyer plans on living there as their primary residence, for insurance and tax reasons

In fact, I STRONGLY recommend you also have an appraisal and homeowners'/flood insurance contingency in there as well.

In the days to come, we begin to do my own due diligence (call engineering company) and find out that the engineer has gotten no official word to start the design.Feb 14 2014 -In the back and forth regarding the Title 5 inspection, we notice that (after being under contract) the listing agent has manipulated the content of the listing description from "the existing Tight Tank system is working, but won't pass the inspection..." to "the existing Tight Tank system has just recently been pumped"Any help would be much appreciated.

The custodian will re-title the asset to your personal name and you would then receive a 1099 for the appraised value of the home.

(zoning, flood risk, insurance, roof age etc)  I also call the listing agent to gather the age of most important things if it is not listed.