@Sal Zizzo Request all the invoices, work orders and related documents on any transaction you are not happy with.  

I was wondering how this would all work out there are going to be people out of work for extended amount of time and as we know most renters miss one week of work and they are broke.My other big thing I am wondering @Greg H. is how the lenders are going to handle the owners who get wiped out have no insurance and walk away from the property.. knowing how aggressive Texas lenders can be with deficiency judgments on mortgage defaults..

Also make sure you are crystal clear on what your mortgage, taxes, and insurance are and do not buy yourself negative cash-flow.

Gone are the days when you'll have an insurance Broker that holds and value your accountsattentively.I have to remind my agent that my insurance is due if I miss that letter from the insurer then boom itis canceled. 

Here lately with Hurricane Harvey I found out how important it is to have a good insurance agent.

An umbrella insurance should do when you are getting started.

(Market Value 265k)10% down + closing costs (32k)Monthly P&I + insurance/property tax etc.1400/monthCurrent tenant will stay on after purchase.1315/month rent. 

Take photos of interior to document she's out and condition...Good luck on your project,, it's hard to imagine what everyone down there is having to deal with.

Additionally: whatever you do about this, try to stick to email (other written communication) that you can later go back to in case the tenant decides to claim that he was not fully reimbursed.(1) Ask the former owner for any Lease he had with this tenant (it sounds like you were this tenant's landlord for 6 days - I'd ask for this document during the purchase period.)  

Don't take this wrong but you're asking people to comment on a document that no one has read and that many would not understand if they did.