As the neighborhood improves, rents will go up, and since apartments are valued by income it will become easier to sell at a profit.I highly recommend reading “Insider Secrets to Financing Your Real Estate Investments” by Frank Gallinelli. actually, all of Frank's books are great and are geared to just what you're trying to do.

Or you could venture out a bit into Round Rock, Kyle, or San Marcos to improve your cash flows.

I did create a construction estimating document and I am always trying to improve upon it.

If low income is done right then your return can be substantially higher & what's more rewarding then improving these neighborhoods.  

Once I do I want to keep it as simple as possible with smaller multi-family properties with lots of room for improvement and go from there.

It means I am betting he won't pony up the monies to correct the issues and likely won't agree to pony up to make me whole to walk away, thus, I will likely have to go to court to recoup my funds (EMD and costs I have unnecessarily incurred due to his failure to disclose pertinent information per the contract.As to the other question regarding my expected ROI, this was to be a buy and hold with about $250k in rehab (deferred maintenance and improvements).

I chose to be a Keller Williams agent for the simple fact the founder has authored and co-authored several books on investing and self-improvement.

You have to account for accrued depreciation, improvements (not repairs), selling and buying costs...

@Jennifer Allen I think the main unanswered question here is are you after the extra cash flow or are you trying to improve your retirement account?

It is near my current residence and work.I hope I can find help/advice/tips and network through this site and in time return the favor as I grow and improve in this endeavor.Sorry for the essay!