But I have investors that bought properties with me pre 2020 and their properties have all gone up in value 30-40% so you never really know what external factors can positively or negatively affect each market.But even though prices have slightly gone up in this area, there are still a lot of good deals to be had, depending on what types of properties you're looking for and the type of neighborhood you're looking to invest in.  

If you can find ways to save them money on their taxes, they will help and teach you.Most people looking for mentorship now don't know what value they can offer, but yours is baked into your profession.

@Aaron Simril you can try to sell it and hope a buyer will overlook these issues.Check your state laws, because in Michigan, you'd be legally required to disclose what you know about any repair issues and would be liable forever.Appears you may also have the opportunity to sell and avoid capital gain taxes on up to $500k of gains from a sale.

(which state is best, tax implications, etc).  

Step #PhaseStep1DiscoveryTalk to experts and learn (process, tips, design tips)2DiscoveryCreate social media and document story3DiscoveryGeneral research - budget considerations, financing options, permits, regulations, tax considerations4DiscoveryMarket research - competitor analysis, analyze guest reviews, market trends5DiscoveryGather ideas/inspo (blogs, articles, youtube)6DefineCreate brand and vision7DefineCreate guest requirements (e.g. coffee maker, natural light, near activities, etc.) and prioritize must have, nice to have, etc.8DefineSketch idea for look and feel (architecture and design) - map out the floor layout9DefineConsult an architect (is this needed?)

@Mimi Wright the inspector is the "Hand of God" so it depends heavily on what they said and directed to be done. 

It mainly depends on your personal risk tolerance. 

Texas's only tax revenue source (besides sales tax) is property taxes. 

It depends on how much damage was there before vs after. 

Some policies cover plumbing and electrical issues depending on the service report.