Did quite a bit of clean up and tree clearing on both lots, filled in a dry pond, removed an above ground pool buried in the ground, added a bedroom from an existing open space, joined an extraneous dining area with the living room to make a great room, painted the barn.

TL;DR - I am brand new to real estate and am weighing options on buying my first property that I can use to set me up to buy a full rental property in the future.

I have looked at these along with dry cleaners and clothes washing centers.Came to the same conclusion on all.

Morning Ken, to clarify my COC ROI would have been a hair under 8% if my price would have been accepted (home was in Sherman and I'm bullish on Sherman for specific reasons).

Ditto on the zero action until the ink is dry. 

I can 99% assure you there will be a lot of damage and hopefully just cosmetic and they don't take hammers to the dry wall or anything totally vindictive.. 

There are some electrical units and dry wall put up, but mostly unfinished. 

The property is a couple streets east of Apple Blossom Dr,  and Flowering Peach Dr. I

View reporthey guys so i have an updated analysis here. basically what we have here is a NMD deal through a VA loan. im currently under contract with the building. inspection was completed where we found we need a new roof, recieved 13,000 credit. although after going much more in depth with this property i am starting to get cold feet and worried about these numbers. i will be moving on from my current 3 unit into this one, as it wont cash-flow with me under the roof is not a big deal, it not cash flowing after i move onto the next one has me pulling my hair out trying to alter these numbers to make this property work. 

I wouldn't allow this and most investors will advise you against it because you lose control of the property, the corporation may leave you high and dry when the money dries up, and you should be the one to make profit off of it instead of some strangers with no skin in the game.If the home qualifies for short-term rentals, I recommend you look into it to see if you can increase earnings that way.