Total Monthly rents = $2,150Asking Price = $200,000Yearly taxes = $950All units are 2 bed 1 bath.Rent is slightly below market, could be raised $40-50 per unit.1960's construction, hard wood floors, brick exterior, new HVAC last year, seems to be in overall good condition (no deferred maintenance to speak of).

It truly wasn't worth the 'guaranteed money' since he lost a small fortune having to replace doors, walls, carpeting, stoves, fridges and bathroom tiles and flooring.

It included a dog wash, rubberized floor and dog door, which accessed a dog run. 

The house needs a basic restore including:Popcorn ceiling removalNew flooring (tile downstairs, carpet upstairs)Paint and wall repairNew ground and crown mouldingPlease point me in the direction of a reputable GC here in the DFW area.

Apparently, there was a remodel done on a 2nd floor shower and the work is deffective.  

This includes fixing the foundation work, new flooring and paint throughout, and if allowable in the budget I would include updating the bathrooms and kitchen(not necessary as a rental for a family). 

I think it was due to the apartment being two floors and if you don't close the door all the hot air goes upstairs.  

I Am going to need to open up first floor bathroom sheetrocked ceiling to gain access to the pipes.I am sure this will be very tight and will be a major PITA.Anyone have any experience in this job?

That led to commercial lending, I'd buy leases, do floor planning, equipment and even did some ag deals.

It's hard to eliminate it, but reduce it as much as possible by open floor plans and smart design.As J.