You have to filter through so many to find a good one.  

They were already well aware that their rents were below market value and that the new buyer would most likely raise them (according to the seller's agent), so that eased the pain a little bit.

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A simple need for storage and the rents are below the comps and I think the few additions we could add to make the space much more functional is worth the rent raise to bring them to market terms.

There isn't a lot detail provided but one paper is a receipt for insurance which is $2159 (this is also reflected below in August) which I guess is paid in advance for the next year.

If you can buy it for under $100K and it is $40-60K below market value, it could be a good deal.

-- the water was beading up through the tape even just an hour after the repairman left), we got a good look at the rest of the space around the pipes... and saw the images that I'm attaching below -- at least two more *visible* 'pinhole leaks' on the copper pipes above the kitchen ceiling, and some wet spots, along with what looks like a dark colored mold/mildew.  

I know this could be a foreign concept to most west coast landlords but out in the mid west deep south its quite common to have the deposit just a non refundable fee .. the tenant already knows they are not getting it back so many landlords just take it up front and tenants just move.. now this is with C class and below generally speaking and for sure most section. 8 

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Purchase prices are substantially below Austin's (not considering suburbs) and rental rates still allow good cash flow.