This is a safety factor on top of the elevation that FEMA says is the 100 year floodplain.  

Be conservative in your estimate of ARV...the pool of buyers is still very limited in this neighborhood due to crime and safety...if you decide to push ahead, your potential buyers may be limited to singles and couples without kids.  

First look at that. 2nd, I never allow tenants to perform work at or on the properties for safety and legal reasons.Have it done by a professional who has a license and insured, plus you get a warranty on their work. 

I think I've become more focused on buying properties with a margin of safety as I've gotten older.  

Be patient my friend, This is just a start.

Check out property 10004 Daly Dr Hurst TXI know I have to be patient but time can be against you at a certain point of the process.Thanks,Asem

That being said I think it depends on how much money you have to work with and the opportunities are here as long as you're willing to be patient and look for them.

This is much harder on the caregiver than the patient.

The "Inspection" that your lender is required to do, is more of an estimation and safety check, and it costs twice as much as a normal home inspector.

Awesome Rolanda,Stay very patient and wait for the right deal.You make money when you "buy" and not when you "sell"The biggest mistake I made was jumping in to soon and buying for the purpose of just buying lolVery stupid mistake that cost me hundreds of thousands...Another thing to do is underestimate the profit potential and over estimate the expenses (Rehab).if numbers still look good, do the deal.Just my 0.2 Aussie cents.Much success