Good clean or updated rental properties are in high demand in The Woodlands... you will do well.

Updated all the bathrooms and flooring, Relocated and sold the property (should have kept renting it).

My plan is to move into the top unit and have the renter that live there now move to the bottoms since they want to stay long term, and the bottom is updated.

Definitely update us when it's finished!!

.* Create a spreadsheet that is regularly updated with Home Depot Pricing, then when you look at the house, you can plug in quantity of things you need, to estimate repair costs.

It was in AWFUL condition, but the bank gave us money to repair and update it. 

All early 70s to early 80s units. 2 definitely in need of repair and updating and the other units are let's just say need to be updated as well.

I will post an update !

Updated through September.

@Josh Shaughnessy Apart from paint and basic updates, What I personally have found that gives me a great return on investment is updating anything to do with the kitchen, especially the appliances.