I'd expect them to look at my financial situation and assets to gauge my ability to make this type of transaction, don't you think?

I am not you and you are not me, we live and invest in different markets, we have different goals, we have different skills, and are in different financial positions ... our return expectations therefore are and should be different.

Especially if in reality the carpet has lived most of its useful life and its time to change them anyway...I totally get the desire to want to stand by your principles.....and I hate to cave to tenants since it also trains them to be a PITA to their next landlord.... but its s business and you have to pick your battles and move on

My goal with real estate investing is to build enough cash flow to fund my other business ventures as well as donate to financial literacy programs.  

I have no family that will help me financially.

The mom and pop tenant could be inline  for a shopping center versus stand alone single tenant building.

I think there are two categories of companies that offer long warranties on their work. (10-15yr for roof work for example)1) they truly stand behind their work.

Depending on how you came across the 'deal' you have to understand that the seller won't want to waste his time, effort, and energy disclosing information on the property, providing you a tour, and also giving you his financials to someone who doesn't have the ability to purchase it.

I went to Texas A&M and currently have my RE license back in Texas.After years of anticipation, I am FINALLY financially close to making the dive into investment properties back in Texas. :) With that being said, I would like to reach out to local investors as well to learn the dos and donts and how to be successful both with rentals and flips.

If I stand correct they predicting 1-2 years for the RE market to stand back on his feet and around 10 billion dollar in mortgages that people gonna have problem to pay now= tax delinquents = opportunities .