I've had 3 different plumbers look at it and all are saying this should have never passed inspection in the first place.To try to brief, the house had a brand new HVAC system with the tankless wall units - this was actually one of the major reason I wanted the house as I currently look for my turnkey properties.  

First make sure that you get a Real Estate Brokers License.2nd, look at the contracts and see who owns the properties, and does one person own a majority of the houses.Are the contracts assignable?

And if you add in other major mechanical things...it might run up to $10k...also on the lower rent range you will need to have a higher percentage because while a roof's cost will vary by the size and class of the property...things like heat and air and water heater and appliances are relatively fixed therefore being a larger percentage of your rent.

Are "major" foundation issues a definite "NO" when looking for a fixer upper?

Houston is finally starting to get some respect as we get a major influx of people coming from other cities looking for lower taxes and better quality of life.

@Denise Southardlaws of agency has to do with "doing something for another"Look at your department of real estate in Colorado and look for people being fined acting as an agent from the Dept of RE in COLOSeize and desist orders, monetary fines, sometimes criminal chargesI would call your Dept of real estate@Bill Gulley@John Thedford

The majority of lending sites seem to cater to home owners.

I did have a home inspection company that is well know around here inspect everything and they did say anything was major with Chimney

Go down to your town hall and start talking to the various departments.

Blackstone also acquired a majority stake in a non-bank mortgage lending company this year called Stearns Holdings.