We ran the numbers, analyzed the property multiple times, and based on AirDna, and other platforms, it looks quite promising.

The wholesaler isn't a competent contractor or even a competent investor themselves 99% of the time, so you have to decide who you want to rely upon for estimates.

Now times have changed.

Thank you for the quick reply Chris I really appreciate you taking the time. 

Yes you can make more money if you could time the market but for those who invest long term you eventually will win.

This is the highest level of refinancing activity since September 2022, when rates began approaching 7% for the first time since 2002.

I am exploring the possibility of not only fixing things but doing a renovation to bring an old half bath into a fully functional bath, renovate the entrance and foyer among other things and possibly even an addition to the house.

If out of choice, the 10 year yield should drop another 75 to 100 basis points, bringing the mortgage rates down, and if we go into recession then they will cut out of necessity bringing the 10 yr yield down 150 to 250 basis points at least, and also leading to rising unemployment and declines in property values, although HCAD will take their sweet time to adjust as always. 

It sounds like you’re doing the right thing by preparing for the possibility of eviction if the rent doesn’t show up on time.

Beyond the financial benefits, this investment also provides an opportunity to spend quality time with my children and grandchildren, as we work together to manage and grow this asset.