Hey Jeff, this definitely looks like something worth inspecting as a 2.5x is quite large.

Do your due diligence by analyzing deals carefully, getting inspections, and considering Houston-specific considerations like property taxes and landlord-friendly laws.

Also, we inherited that tenant when buying the property at a foreclosure sale and section 8 was very helpful in providing all documentation, last signed lease, renewal or rent increase instructions, inspection information, etc.

Don’t be afraid of a scary inspection report.

Conduct thorough inspections and consider value-add opportunities.

Rows of debris and personal belongings line the streets, and upon closer inspection, some of it resembles a yard sale.It’s heartbreaking to see people throwing away brand-new TVs, washers, dryers, paintings, family photos, and boxes of clothes.

After years, I have changed my mind...I think it's worth it to have the 'annual inspection' at least every couple years :-) HVAC units are expensive to repair/replace.

Regular inspections for any signs of wear, cracks, or water damage are advisable to maintain the facade's integrity.Parking and Access: The covered parking area is a significant advantage for tenants, but ensures the area is well-lit and secure to prevent any potential safety issues.Interior Features:Layout: The open floor plan with large windows ensures ample natural light, which is appealing to tenants.

In regards to your EMD (from what I've learned so far) If you are within your inspection period still &/0r have some sort of clause in your contract stating ( “buyer has the unrestricted right to terminate contract with a written notice no later than ( inspection period date) than you have proof.

This protects you in the deal if the home appraisal is low or a home inspection finds major issues with the property.Have your finances in order with either a pre-approval letter or cash to buy the home.