Hi Kim, I am investigating Savannah as well.

I bought the unit used, & after doing some investigating, I've learned that it was purchased in 1985.

It seems like for every opportunity we investigate, there is no money to be made.

I've seen 1/2 baths counted as full...wrong sizes, wrong bedrooms, etc.Then ask for their comps.....investigate those....make sure they are good comps.A couple of years ago I got $40,000 or so off a $100,000 property because the appraisal district was ridiculous.They were using brick homes with garages vs my home that had no garage and was siding.They also had 3-4 year old pictures  that were beautiful and I had mine that showed not so nice.I also chastised them for using a google street view image, when they had not purchased commercial use license.Appraisal district was furious, but I think they don't fight fair....so I took up the challenge.I felt like review board was fair and maybe embarrassed by the tactics of the appraisal district rep.

I would love to hear outside input on this specific market, and the suggested cap rate for buildings in this area of Texas, because I am currently investigating other properties in the area.   

Lowe's also gave us a runaround with the cabinets, so I'm delighted to have another avenue to investigate for those as well. 

While researching properties in the area, upon further investigation, I learned that the property is currently owned by an absentee owner.

If that happens, the Fair Housing investigator will very likely ask [1] how many other insurance companies did you contact (and can you prove it), and [2] what were the prices of the other insurance policies that would create a “financial hardship” for the landlord?

If I see something I like ill do my own investigation before any contact.

And even if you have it, you still need to research the individual counties' rules before investigating in liens and deeds.