This unfortunately ruins it for the rest of my investors who still would like to make a pretty penny in promising/developing neighborhoods.I have seen many of my seasoned investors start to migrate to properties in Germantown and the outskirts of U-City as well as Grays Ferry as that neighborhood has experienced the trickle gentrification from Point Breeze the same way that Port Richmond has felt the benefits of Fishtown/East Kenzo. 

I also highly recommend that you find someone experienced.

I'm a fairly experienced investor but never tackled a weird situation like this before.

For all you more experienced RE investors out there, we recently bought a farm which includes a personal residence for our family, several improvements including large buildings and storage facilities for the farm, and the farmland itself. 

ESPECIALLY in the Millions.... you MUST do an IRR and take EVERY Future Cash Flow into Account.I know that some readers will just be biased against the IRR, they will still be the horse that I bring to the Water but just refuse to drink.I say that if you are serious about expanding your portfolio, becoming that multi-millionaire (or billionaire), then do it from the very smallest to the largest investment as you grow.Caleb, if you are having difficulty with my posts and these spreadsheets above, you are welcome to go to your friend who understands the importance of the IRR.

The experienced ones on here have probably experienced some of these; such as fire, mold, water leaks, moving beams around, furnaces, etc. 

We are still a little cautious about flooded properties due to the difficulty of selling & renting.

I know at least one experienced investor who won’t buy rentals in Providence for that reason.Hope this helps!

Or better yet, hire an experienced Houston Realtor.Not sure if you’re new to Texas but make sure you understand the property tax system and that taxes are generally higher than many other US areas.  

Okay fellow BPer's,  I know some of you have experienced this or worse.