Hey Guys and Gals,Looking to make sense of a deal that I’ve closed on and just completed a rehab. 

If ONE unit is vacant and both units are equal in rooms/bathroom composition, then the new owner will need to move into the vacant unit and then the owner can either evict to take the occupied property completely off the rental market (5 years off the rental market), evict to take back the occupied unit for personal use like moving in immediate family (2  years off the rental market), or they can evict given the tenant is a nuisance or conducting illegal activity (this is a harder method to evict since you have to provide evidence and have a case but if they're selling drugs and you have video footage or something, then make your moves) and there are a few other reasons for at-fault evictions. 

You can get properties pretty cheap but you are going in completely blind on if the property is occupied, the condition, and any other things that would be typically found through title or an inspection.

It completely depends on the market, for starters.

If I am understanding this incorrectly, and most people are calculating CapEx based on what they know needs to be completed as a CapEx in their determination on whether it is a good deal, I may have passed up quite a few deals that may have been worth an offer.Thanks again for the advice and thoughts. 

I know investing in real estate is never completely passive, but from those of you with experience in larger properties like this, what types of situations typically come up that the owner has to resolve or become involved in?

I cannot speak directly to the Houston market as I am primarily focused in NH and MA, but I figured I'd share some insights and thoughts I have based on what you've said.First, you do not have to be handy to successfully complete a fix-and-flip, AND, you don't initially have to have any contract contacts.

I monitor the Houston forum, so I have read many of your posts - The primary theme I see in your posts is that you generously offer your time and expertise to new investors and allow a group of new or wannabe investors the opportunity to walk your flips and tag along with you while you are looking for or working on a project - very generous of you - I see that you were able to give an amazing opportunity to a new investor when she may have not had the confidence to move forward on her own without your guidance - I am a fan of collaborating with other investors when you do not have the funds to complete a project on your own ... it can be a win/win opportunity that otherwise would have to be passed up ......However, when I read the details in this post, a few things come to mind - it seems that you used very little of your own money ...$5,000?

I want to do this in and around the Tacoma, Olympia, and JBLM area but I am completely open to any deal that comes my way.

In 2016-17 I had the opportunity to take another family owned property in NY and completely rehab it into another rental.