I will also need to insure the properties, so references to agents in the area who could give me advice on the reight policy will be welcome too.Thanks in advance,Carlos

There has been no communication from occupant, either to us as the home owner or to our attorney who drafted the paperwork.

Annual numbers are:Built in 1984 - Seems to be a B class complexPotential rental income $900K-$1M gross6% vacancy ($60K), $20K addition income from vending/laundry - no other amenities, $65K taxes, 5% ($50K) Capex, $28K Insurance, $16K contract services, $90K payroll/staffing, $150K repairs/maint, $6k utilities (tenants pay their own), $10K accounting/legal, $5k advertising/marketing, $100K (10%) PM (is that redundant with staffing?)

People have short memories and think stuff like that will never happen again......personally I would never buy in those areas unless I'm flipping it and moving on.....no way would I buy a long term buy and hold there.I just sold my property in Kingwood.....flooded all around the neighborhood but not near my property...it was a stressful 2 weeks..... really don't want to do that again....dodged a big bullet with no flood insurance and I'm not counting on dodging mother nature again

There is no reason tenants must be treated differently than home owners.

I have read that most quitclaim deeds are unable to obtain title insurance so it's always best to have a title company run a report and make sure the title is free and clear.

Title insurance policy can easily be written to allow the encroachment.

I understand that there's a bid process with the general contracter for a 203K and I wonder if that would cause issues with the wholesaler's timing with the current homeowner in terms of how quickly they are commited to close by? 

There is likely no Title Insurance at this point.

investors make up a small portion of the real estate as a whole in the US.. its the homeowner market that will drive the overall market and new construction..