I've been networking (mainly reaching out on loop net) with commercial RE agents, but its proven difficult to get far in the conversation without POF, which I rightfully do not have at the moment.

Below is a real world property for sale, this very moment.

The property generates about $126k annually at the moment, and is expensing at about 53%, but I projected 60% to be safe.

It has to be done in multiples and tweaked and adjusted as market environment s change as well as your goals may change and so does the strategy thenWe help a lot of new investors wanting to get into real estate and I personally push this concept of knowing the goal before you buy anything Being in Houston myself and managing 1,000 properties as well as being an investor I can say you are probably in the best market in the country at this moment, as long as you have a clear focus on your goals.

The existing building code may have been fine if you had not touched it- the moment you start work and renovation, municipalities often times will require you to bring it up to code and meet IBC rather than existing code.

But I need every penny focused on my development project at the moment.

We are kind of thinking the same as you as far as the Reno level goes -kind of unfortunately at the moment!

@Tom Makinen, unfortunately I'm single at the moment but appreciate you letting me know about the EM deal!

The moment he began telling me what he would deliver I said to myself this isn’t for me.

It’s not beautiful at the moment, but certainly is livable, and I have flipped a couple houses and I build sets for commercial photo shoots so the rehab side doesn’t scare me.I am using an FHA loan to buy it, and I understand that there will probably be some issues with the property that will be flagged by an FHA inspection, and I am about to get an inspection of my own done tomorrow.I’m curious if there are any tactics or strategies to consider when negotiating work done or price changes based on issues that come up during inspection.