Here we manage maintenance risk through a thorough preventative maintenance system (I used to be the Street Maintenance Manager for the City of Lancaster, CA) and we shift risk through the lease-purchase by receiving a large non-fundable down payment and making the tenant/buyer responsible for all maintenance.We set the purchase option price at a premium of 18% since the tenant/buyer has 30 years to execute the option. 

Pest control has sprayed everything while the walls are opened up to hopefully prevent problems in the future. 

Use a FICO Improvement coach like Blair Warner http://upgrademycredit.com/services/The terms I use are term 12 months, with possible extensions, 3% down, market rentsales price =  current appraisal or within 5% or current appraisal.Understand you have to also look at what the IRS considers a disguised installment sale and to prevent that.See http://www.biggerpockets.com/blogs/3/blog_posts/40...Best of luck!

I would also ask the tenant to explain the circumtances surrounding the shooting/robbery to see if there was anything they were doing, or about the property itself, that attracted any undue attention from the suspect or that could be changed to prevent another similar incident for happening. 

I just bought a small rental home that has asphalt shingles for siding.

It allows me to preserve my margin, have the money to continue repairs and prevent an issue where the tenant becomes so below market that you lose them to raise rents to market level.

Determining the capital components are fairly straightforward but determining what amounts you should plan for can be tricky as, for instance, the price of oil at a given time can have a dramatic impact on paving prices or roofing if you have asphalt shingles (and the association is responsible for it.)I tell my clients that part of the appeal of hiring a professional company to do it isn't just peace of mind that it's being done right by someone that does this for a living, but it also shifts liability away from the board to the company.

To prevent this from being delayed I will have to hire someone.

Does the gain on the investment property needs to be reinvested only to prevent the capital gains tax or the final selling amount needs to be reinvested.

Basically, it comes down to Texas having few, if any, geographic barriers to expansion, which prevents demand driven appreciation.As for why Texas didn't drop as far as the other markets, again, it hadn't experienced the unbridled appreciation.