Anything below that WILL fail, because the water will back up under the overlapping shingles.  2/12 is minimum, 4/12 and above should be considered normal.  

No heat/air, no water, flood/major leaking.

@Shayla Fletcher , two my properties are in flood zones, I have owed both them after 2 100 year floods, and the water did not even reach the homes.  

Easily 95%+ of all new development south of the George Bush is single house builds from scrape-off projects.  30-years ago no one could figure out why anyone would want to live way out in The Colony, Frisco was still just a water tower in the distance, and Plano was just another suburb.  

So now the tables have turned and it will be me losing my house and trying to qualify for apartments.  

.- She end up paying $570 a month plus $300 Association, water include.- The rent of one unit like hers at that moment was between $1.200-$1.400.What the heck am I doing?

Here are the numbers, tell me what you think:Purchase price - $399,9996 unit multi-family - gut renovated 3 years agoGross monthly rent roll - $6600 that's with 100% occupancyTaxes - $13648total expenses- 23,208 which includes taxes, maintainence,insurance,sewar/water.  

Check your local laws, and if your heating system has a timer, you may want to reduce the nighttime temperature by a few degrees, if your water pipes are not particularly susceptible to freezing.

If you have 10-20% down we might not be the best option for you, but for the individual that’s looking at a high ROI by not having to bring a lot of money to the table we might be your best option.

Some are more expensive than others (HOA) fees, some have central water and sewers while others have well and septic systems; most all have recreational facilities; you will find a wide range of prices, dues and taxes.