I have found exactly what @Dmitriy Fomichenko says to be true (he is also my plan provider and I highly recommend his firm). 

He is a partner in a CPA firm (Hodgson & Nash, CPAs, PLLC) in DFW that just works with real estate clients.

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

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

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.

There is likely no Title Insurance at this point.

Well-to-do families who might have bought a single-family home in another era are willing to rent a house now, especially if it means access to a good school system.The number of homes purchased by major investors in 2017 was at least 29,000, up 60% from the previous year, estimates Amherst Capital Management LLC, a real-estate investment firm that made nearly 5,000 of those purchases.

The point of the law is to improve certain areas of the country by bringing in new structures and upgrades.I will be doing more research and talking to additional real estate specialists at our firm for more guidance.