Amendments to the IRC adopted by local jurisdictions may add to those requirements.If it is not obvious whether a room in your listing counts as a bedroom, the IRC and other codes mentioned here can help you resolve the question.Your local building official is a good source of information on local codes and amendments to the IRC.Misrepresenting the status of a room in the MLS could put you at risk of violating the MLS’s rules, Article 2 the Code of Ethics, which states that REALTORS® must avoid exaggerating or misrepresenting facts related to the property, and TREC Rule 535.155(d), which states an advertisement could mislead or deceive the public if it is inaccurate in any material fact or representation.The IRC requires a bedroom to have: A floor area of not less than 70 square feet and not less than 7 feet in any horizontal dimensionA minimum ceiling height of 7 feet, and if there is a sloped ceiling, then a minimum of 50% of ceiling must be a minimum of 7 feet highAt least one operable emergency escape and rescue opening with a clear opening of not less than 5.7 square feet, and a required egress window that must have a minimum width of 20 inches, a minimum height of 24 inches, and a maximum window sill height of 44 inches.Housing built prior to the adoption of the IRC by Texas that remains unchanged is not required to comply with IRC standards for what may be considered a bedroom.

The ceiling above the kitchen shows cracks running diagonally through it.

As far as a longer term rate lock, I don't know anyone, however, there are products out there that offer a rate ceiling on the reset.

Maybe someone will take on Graceland and get the shag carpet off the ceiling.

We used plastic sheeting under the tile and wrapped it up on studs before sheet rock a few inches forming a water proof barrier, no way could water get the the down stairs ceiling from water on the floor.

Also, the best markets for flipping are usually not the same as for rental property, because there's a ceiling for current rental rates, and they may lag prices significantly enough that you can't buy anything that will provide cash flow in a market full of flippers. 

the house also has 10ft ceilings on the 1st floor.

.- 3 weeks later I got a message from 1st floor tenant about water leaking from the ceiling in his bathroom.

No power to ceiling fans, HVAC not working, and on and one.

I was 100% sure there was no crack on ceiling, no crack on the wall next to window.