@Mike Goldenthal,@Michael Ealy hit the nail on the head.

I have not been investing long enough to have this number nailed down good.Regarding you Cash Flow and CCR numbers. 

New Braunfels has a much more polished city plan and code department.

You will arrive at a ceiling that is taped and mudded but you will need to refill the screw or nail indentions with drywall mud...twice.

I would get the financing nailed down 1st as the agent will need to know your approved.

Cameron Tope hit the nail on the head, "lower prices" and "some landlords are going to get squeezed." 

 Assuming the Exterior is completely dried in, the next steps to finish the project would be:Drywall or Wall Finish - a Cabin in Montana might prefer a Wood Finish instead of the Drywall we typically use in Arizona - Possibly a combination of both; I suspect Drywall would be least expensive but maybe not as Aesthetically correct.Assume an inspection is required to confirm proper Nailing of Wallboard prior to next steps - Make sure Wiring and Plumbing passed inspection prior to installing Wallboard.Tape, Texture, and Paint - If Drywall is used, not required for a Wood Wall Finish, but Wood might need to be Stained and Sealed.Flooring - Carpet, Tile, WoodMillwork - Cabinets and CountertopsElectrical Trim - Includes installation of Electrical Outlets, Switches, and Light Fixtures. 

The polish will help convince them that they want to do so.

The danger is that you will regularly learn the tip of a subject from a polished speaker and it almost always sounds amazing.

Having a clear picture of what you are after can really nail down your search and your property type.3.