Once you identify the asset type(s) and the syndicators, do your due diligence on (a) syndicator, (b) market, and (c) potential investment. 

You could in theory simple fill it with sand.

The house is not that old by local standards (60's) and in good condition with some recent updates.Offer: $240,000Each side: 3 bed/2 bath, 1 car garage per side, all separate utilitiesRent: $28,800 ($1200/side/mo)Vacancy: $2880 (assume 10%)P&I: $1031 (assuming 20% down, 5% interest. would be ~$200 more with FHA loan I think)Property mgmt: $3111 (assume 12% - we plan to do ourselves, at least at first)Taxes: $5400Maintenance & Repairs: $1000 (tenants do lawn care/snow removal themselves)Capex: $2592 (assume 10% per year of rents)Insurance: $1200 Total rents - vacancy: $25,920Total expenses: $13,302Debt service: $12368Yearly cash flow: $250 (ugh!)

What made me for sure want to get out was trying wholesaling on the side and being able to make just as much as I was in the army with all the formations and fun time consuming activities they have like packing connexes, filling out 1750's and recall formations for lost NODs.

Where I live on the coastal side of SoCal, I typically see homeowners transform old office space into a bedroom, so I'm curious if it's the same way in Texas. 

.* Well, that's the line-in-the-sand size in the States, anyway.

Hello, I've befriended a neighbor in my neighborhood over the last couple of years who is in there 90's and no longer has any family left and doesn't necessarily know what they'd like to do with there house when they're gone.

Depending on the type of wall (smooth vs textured), you could try sanding the shallower marks. 

I would fix the hump (and sand and stain the original floors) and would forever call the property The Black Eyed Peas duplex. 

Here in California we are into earth tones.Beige with chocolate brown or medium grey for exterior combined with light grey or two tone for the interior.Blues and greens are more popular in coastal properties.