.: @Peter Waltherhttps://statutes.capitol.texas...Better linkhttps://statutes.capitol.texas...Exception 15It occurred to me a title underwriter would probably authorize the issuance of a policy if it contained an exception that read something like:Loss or damage occasioned by the failure of ABC a WY LLC to properly register in the State of Texas.

Except as otherwise provided in this Contract, Buyer acknowledges that Seller is conveying the Property to Buyer in an “As Is” condition, “ Where Is” and “ With All Faults.”I would argue that you have both the right to test and the right to terminate.

For this discussion, lets assume that financing would come through a construction loan from a mortgage lender/bank.I've seen people argue that financing and limiting the amount you invest in the purchase and rehab of a property increases your ROI.

You can argue semantics with them, but the leak may well be coming from the supply line connection up at the faucet, or the unseen connections of the trap and waste line, which look to be an inexpensive, and thin, HD type product that is prone to leaking with ANY movement.

@Robert Mundras sure do. . . . .the obvious ones that every one says likerich dad poor dadthink and grow richthe richest man in Babylonthe millionaire real estate investorsell or be soldthe ABCs of real estate investing that should start you off on a good foot.. . ..

I would argue that even more important than the time spent, is the consistency.

There are a ton of other great books with sections on estimating rehab costs  I've personally read these:The Real Estate Rehab Investing Bible by Paul EsajianThe ABCs of Real Estate Investing by Ken McElroyThe Millionaire Real Estate Investor by Gary Keller, Dave Jenks, and Jay PapasanThe Weekend Millionaire's Real Estate Investing Program by Mike Summey and Roger DawsonGood luck with your endeavor!

My wife and I love the Million Dollar RE agent and the Million dollar investor by Gary Keller as well as The Abcs of Commercial Real Estate investing by Ken McElroy.

I would even argue that it is getting worst. 

People will argue til they're blue in the face on Turnkey versus Rehab and those people never take action.