Regarding your question about the deposit, typically, it is best to address the security deposit issue after the current lease expires, laws do not require tenants to sign an addendum for anything during the course of the current lease. 

It has the address that sold, the amount paid, and the purchaser.

They all had inspections performed (as I think is a requirement here in Texas) The problem with a home inspection is it will not address some major cost items that could be financially stressing for a first time buyer.

For Today's Deal, I am analyzing a 24 unit complex I found on Loop Net (Address: 11519 Pecan Creek Pky).

If you do not have MLS access, I would speak to a trusted real estate agent and see what the DOM and price /Sq Ft is for similar homes in that area.

To  buy this at the right price and get it renovated efficiently and effectively, you will need a team on the ground with whom you can trust.

So I just created my list of run down homes that I plan to send mailers to and have a couple owners who are listed as revocable trusts and revocable living trusts.

Related to that last point and true whether you use one or more QB files, I create a unique category for each note.Because I have ZERO creativity, I use the address of the collateral securing the address as the category.  

It’s just my opinion, but I would encourage you to either start with something close enough to you so you can learn the process hands-on, or like the others said.. get boots on the ground that you trust, or go see Houston for yourself and learn the area you’re investing in.

If you text me your email address, I can send you daily MLS emails.