I think that a judge will say that you accepted the repair by the act of closing (unless the invoice misrepresented the work done).HVAC is one of the most expensive and technically inaccessible aspects of your property. 

I do Houston only because I grew up here and I like the economics of the market.

Buy in a primarily owner-occupied neighborhood to attract tenants who are a lower economic risk.

My undergrad degree is actually in RE micro-economics and I studied with the late great Chip Case of the Case/Schiller Index fame, so...not new to the thought space of real estate markets.

Unfortunately, if we dig deeper in both the history of rent control and the economic fundamentals at play the idea of bringing this piece of legislation to solve rising rents single handily falls short of it’s intended results.⁣⁣Think of where rent control is currently in force and where the rental market is currently fairly open, think of cities like New York, Toronto, Vancouver, San Francisco etc.

Recession: A period of temporary economic decline during which trade and industrial activity are reduced generally identified by a fall in GDP in two successive quarters.Market Correction: The general definition of a market correction is a market decline that is more than 10% but less than 20%. 

Here is why.1- Unlike physical science, social science like economics is more of an art than science.

Think about this economic environment.

Forecasting economics is anything but easy or simple. 

Take a look at things like whether the business plan has multiple exit strategies, whether there are signs of conservative underwriting, and double-check whether the proposed business plan makes sense given the asset class, submarket, and current economic cycle.Research market trends in job and population growth.