It doesn't pass the smell test.

There are hundreds of strains of mold, and without having it tested, you don't know what you are dealing with.

One thing to test out as well is buying 4 units instead of single families.

Here are some of the more common exit strategies: Continue to hold (if its not broke, don't fix it) Sell and pay the taxes (cash out) Sell with seller carry back financing (defer capital gain taxes over the term of the note)1031 Exchange into properties that have less property (labor) management issues and/or less capital intensive issues 1031 Exchange into smaller assets (trading down in value) over the years so that you slowly cash out and don't get hit with all of the taxes in the same year. 1031 Exchange into more passive investments such as Net Lease Properties (NNN), Delaware Statutory Trusts (DSTs), Tenant-In-Common Investment Properties (TICs)1031 Exchange into gas, oil, air, water or other mineral rights that require no management Contribute into and sell through a Charitable Trust Consider charitable donations of property These are just a few that came to mind quickly. 

Any suggestion on an experienced and well tested lease form for Texas (inclusive of the addendums) that I can leverage?

If you'd like more information about my company or me, I'd be happy to answer questions below or my profile has plenty of information.First Property: Sheridan, San Bernardino (The Test Subject)My very first investment property was purchased as a short sale.

Any help would be greatly appreciated, this is a test I'd like to pass with flying colors.

Reading everybody's stories and learning about all the different ways to invest can be quite invigorating - one can only sit on the sidelines and absorb information for so long , before it's time to go out and put it to the test.

Think about what regular testing and maintenance will look like as well.The challenge you'll face, is that assisted living facilities in some instances (depending on the jurisdiction) fall under medical facility coding and are required to have higher levels of protection to comply with state/federal programs.

We've been working with institutional investors and private real estate funds to test our product.