Regardless if your in Houston or pretty much anywhere a bad foundation is going to negatively impact the value when you are ready to cash out in whatever exit strategy you decide on. 

Flint Twp is best suited for flips or College Cultural neighborhood.

You don’t want these inspections done with the intention of saving you money on ignored deferred maintenance turning into little nickel and dime maintenance issues that seriously impact your bottom line. 

I would also venture that their credit is so good that the foreclosure hit has minimal impact.

The nominal impact to your premium cost is much less than the administrative cost of a whole other LLC.

Learn how to use it in a way that diminishes the cost impact.  

For example, a steep access or driveway -- or even a winding drive up a mountain --  will hurt rentals from late-Nov thru early March as snow/ice will impact access. 

Cap rates are impacted by more than just interest rates...try demand, credit availability, etc (see link below).  

However, for warm climates, Jacksonville, Fl would be on my list for consideration (I've got properties there already - and there is still a lot of on the ground opportunities) or Asheville, NC for its culture and beauty.  

Next apartment turnover  we are getting another low flow toilet which also has a big impact.