Had some exterior improvements new roof, etc.

Roofs, furnaces, a/c etc.

Buying low end LVP is just as bad of an idea as buying cheap roof shingles.

If you did an inspection on it, some of those should have come out but you should look at the bigger items (roof, furnace, flooring, bathroom, kitchen) and see if those are in fair condition, at least to get you started.

If you were to blow out a wall to add square footage, the original wall would not be designed to hold the extra roof and walls attached - if not done properly it would potentially jeopardize all future financing.Long story short IMHO as you pondered in your last post, it may be best to keep searching.Feel free to reach out to Scott or I. 

I'm not familiar with Texas weather, but would the risk of hurricanes, storms, tornadoes, and humid weather potentially lead to more CAPEX (overutilization of HVAC), flooding, roof repairs, etc?

Expenses for repairs and capex down to 7%, because the roof has been recently replaced and the building as a whole has been recently renovated.Final Analysis - Wanted to run the rent numbers that were previously listed on Zillow under price history.

If there is a bunch of deferred maintenance from tenants not paying cam such as walkways, parking lot, roof,etc. seek a credit at closing from the seller to handle these issues. 

They also have their own construction company, property management company and brokerage under roof. 

As an example, if you have a house that has a good foundation, new roof, good HVAC, nice kitchen, and nice bathrooms, you're going to pay a lot less per square foot than if you need to replace or repair those big ticket items.