They've finished the foundation, and doing underfloor work now.

Then you can have your choice of finishes...

I would question what grant Cardine says unless he’s providing evidence.In 5 years the oldest millenials will be in their late 30s and the younger millenials like me will be in their late 20s.

My thinking is that hiring a lead certified contractor to handle the mediation of Lead should be hired solely for the gut job, and separate GC company should be brought in for systems and finishing touches. 

In general, you'd want to know how the tenants are paying rent (on time or not), how much is rental income, are there any late fees, what are the expenses (in other words, some sort of P&L), are there any issues with the property, why is the owner selling it?

@Lesley Ray you are a little late to the party for those areas.

My current situation is this: Purchased a 1450 sqft 3/2 single story cul de sac greenbelt house in Pflugerville in late '09.  

So I finished my initial market analysis.

Not to jump onto this thread too late, but I have had success doing a similar approach albeit with multifamily properties in NYC.

The house when finished should sell for approximately 325,000