When considering the purchase of a property with existing fire damage, there are several important factors and protocols to keep in mind:Assessing the Damage: Conduct a thorough assessment of the fire damage, ideally with the help of professionals, to understand the extent and impact on the structure and systems of the propertyRepair Protocols: Follow local building codes and regulations for fire damage repair.

CoC ROI of a minimum of 20% ... high demand areas to achieve 90%+ occupancy ... something unique about the specific property (location, size, views, etc) ... appropriate regulation with no near term changes for seen. ... potential to value add The best purchases I’ve made are from amateurs trying to self manage and getting their butts kicked...

I'll be in Houston the week of April 14th, and I'm schedule appts now to connect with clients and potential new clients. 

I just started hunting in that area myself and there've been a few potential deals. 

Sign a representation agreement with him for any potential deals he brings your way, and you both win.

Would you send over the offer terms in a seller-financing contract or send over the potential returns for seller based on analysis?

The interest on the remaining $30,000 would be assessed as the borrower uses holdback funds from the rehab budget.

Tons of SFH with potential separate spaces.

In the past I have asked for a higher deposit but I just dont want to deal with any potential non payment issues nor evictions. 

They will likely already know who is in the area, who wants to be in the area, and what other projects are in the works and further along than yours which may remove potential tenants from the conversation.