This is a low-end rental and a low-income (but good) tenant.I tried to call her about a a minor issue several months ago, and have not heard back since.

Some as low as $15 per month for performing and could be as high as $95 per month for non performing 

The price is very low How did you find this deal and how did you negotiate it?

I would start buying buying quite a bit of Multifamily Apartments and Storage Units to create monthly income and grow my $1 Billion.

If either of that is not valid then the lender can't go forward with the loan.If either of that is value then with is going to be difficult to secure Fannie financing with low down payment.

I had a 40 acre orchard in Santa Barbara sold 20 years ago but I've checked and the retired rock star who purchased it has had it on and off the market at incredibly low figures - check 1500 farren rd Goleta ca93117 could make an off Market /private agreement if you'Rare super motivated .

A pure luck play from a Craigslist Ad resulted in my very low offer being accepted.

@Stephen Neto Drug use, tenants moving people in and out, paying rent when they feel like it, etc.. are all hallmarks of owning rentals in low income areas.

Expenses look a little low, especially considering the high property taxes in TX.

The annual taxes seem low.