The simple things are roof, windows, siding/exterior, exterior doors, mechanicals, plumbing risers/laterals.

What are the annual expensesIs the property flat or pitched roofed ?

The homes roof/mechical/plumbing/electrical/etc will be completely new.Rents $1800 per side -- 3600 per month  totalTaxes are 3600 per year per sideInsurance is $1000.00 per year per sideIs this a winner or loser to you and why?

I would like someone that has a thorough working knowledge of all aspects of finance but a focus on building wealth through REI.Any help / recommendations would be greatly appreciated! 

My point is I feel as potential wanna-be-investors if you are serious about the business you must educate yourselves in all aspects of it.

were cut off from the halfway point which can compromise the roof structure according to the inspector.- Junction box: some code violations for wiring- HVAC: some code violations- Water heater: minor gas leaks- Original single pane windows.

He also said the roof was leaking because one shingle needed to be replaced, but that did not explain why every room and bathrooms in the upstairs had water marks running down the walls.

It is a good community to network and learn about all aspects of real-estate investing.

In my opinion the real estate remain still a good investment/business because has the "SLOW" characteristic that means that do not react directly proportionally with the stock market and no matter is going to happen the people needs a roof...Anyway, about the Houston market, I was just reading from the Houston Business Journal that the top 10 jobs are based on medical and/or import/export industries, no one was in the oil & gas area.Another KPI is that Houston have still a shortage of houses respect to the request.However, if you driving around downtown/uptown you can see a lot of new buildings/condo/town etc... that are ready to open...In conclusion, I think there are a lot of opportunities in the Clutch city...

New roof, windows, water heater, and complete interior rehab.I can rent it for $1300/month and will refinance pulling all of my cash out for a 30 yr fixed PITI payment of around $650.My questions is do these numbers make sense for a long term buy and hold or should I flip this with a sale price of around $155-160?