The house is mostly cosmetic just smoke damage, fire did not go through walls but still curious if they have to be replaced due to regulations and such?

Now, watch closely as I do a 360 twist combo and buy/live for free in DFW Texas where duplexes are in short supply and high demand.

By short term I mean 6 months or less.So the model I’ve been using is: find a smoking deal that needs a major rehab.

Then you add the strategic military location on top of being a world famous tourist location and you got a never ending supply of transient population for rentals and high demand for investors or rich retirees.

pid=1612Houston Real Estate Highlights in March Single-family home sales rose 4.9 percent year-over-year, with 7,072 units sold, marking the second consecutive month of positive sales;Days on Market (DOM) for single-family homes remained unchanged at 64;Total property sales increased 3.6 percent, with 8,475 units sold;Total dollar volume jumped 5.7 percent to $2.4 billion;The single-family home median price rose 2.1 percent to $240,000, achieving a March high;The single-family home average price was up 2.0 percent to a March high of $298,766;Single-family homes months of inventory was at a 3.9-months supply, up from 3.3 months last March and at its most plentiful level since October 2018.

@Martin SaenzHey guys, it all supply and demand - basic economics 101.

Our properties each have a different rent amount to make it easy to check on the 1st (eg property 1 $1595, Property 2 $1600).Inspecting the property - I let the tenants know there is an inspection schedule to check the smoke and CO2 alarms, plumbing not leaking, mechanicals look good, etc.

Deduct everything travel, entertainment, supplies, postage, office , ect. 

Most large markets are supply limited, that’s what drives up the market.

I recently did a walk through (April 2019) on the property and the second I walked in I noticed smoke in the home, and a cigarette butt in the garage area (that I took a photo of).