I need to get a plumber over to finish up some plumbing (we don't have a plumbing license) , and we haven't been able to paint exterior yet because of weather.

Another interesting one relevant to Texas and our wild weather: If any property damage occurs due to a tenant leaving a window open during inclement weather (rain, hail, tornadoes, etc), the tenant must pay to repair the damages. 

The other one is expenses are at 40%, which seems justifiable with new construction, but maybe run your numbers with 50% expenses and higher vacancy to see if you could weather that storm.  

You need to be sure you can weather a down cycle. 

Much of the Houston area damage seems to have been caused in places that have resisted flood damage before due to release of water in Barker & Addicks Reservoirs  and also from Lake Conroe that hurt Kingwood and Humble area.

It eventually recovered, but the older I get, the less I want to weather something like that again.

I have resisted the urge to create a real estate investor course for many years. 

Instead, he bought the wrong property in 2007, he lost a lot of rent and his property devalued for years until it broke even around this year.HOWEVER... he did realize his error and resistance to the education he was taught.A few years back, he recognized that the kind of property I wanted the students to buy was in a hot neighborhood, Bed-Stuy Brooklyn.His Father had a 3-Family Brownstone that he was selling cheaply to a tenant who was taking advantage of him.Jermaine told me about it and I asked to speak with the Father.

I've already hit the website, watched the TED talk, downloaded the app, and then proceeded to spend way too much time exploring catchy addresses.Seriously, who could resist marketing a cool location like doodle.headquarters.strawberry?

It's this thought that allow him to weather the winter.Us INVESTORs (by the way, I don't consider too many people Investors if they are owning Real Estate but are doing a LOT of work for it, those people have a job), in order to be good, need to think about the FUTURE, in my case, at least 10 years out, and always saying to myself, how many NUTS do I have to put away to weather the intensity of the WINTERs that I see in the FUTURE?