Seems that things have slowed down, but some areas are still popping with low DOM for properties and demand still strong.

The rest of the renovations are all manageable for us-  New kitchen, new heating system ( ductwork all done), flooring and paint, among other items.

Core principals have not changed - Buy low, sell high. 

What were were planning on is stating in the lease how the AC and heat would be programmed automatically.There is a gas "wood stove" to help heat the basement unit that the tenant would have exclusive control over.

As well, and assuming necessary, once done, you can advertise this upgrade and the positive resulting heating and cooling bills in future marketing when the need arises.For straight rentals (not a property sold via Lease Option, CFD, or other Owner Financing), I never pass large expenses on to my tenants (pretty much anything over $300, unless their fault), but assuming this is a defect or need that I did not see in my pre-purchase home inspection report, I will just deal with it out of my own pocket and earn a bit of positive "good landlord capital" in the process.Good luck with it!

@Patrick Donnelly yes there certainly are great opportunities in SATX, but the market is also starting to heat up more, especially over the past few months.

You can see this information when you ask for the Repair and Reserves Analysis report from the HOA.Stick with Low-rise type of condos, the fees tend to be lower.

I read in the past where newbies have provided really low repair cost and when the actual buyer sees the home, the amount doesn't match.

Yes this is normal, the same people to replace a propane water heater are the same people getting everyone ready for the heating season.

Are there any asset based lenders for cash out refinances on primary homes for people with multiple properties but not high w2 income?