Then got into aparttments and things started progressing from there.

So again thanks for the work you have done to evaluate this company.

When the calls come in teach them how to evaluate deals.

Meanwhile I had been living out of state and not watching the progress on a daily basis, come to find out a TON of little details got left unfinished or ignored and all the initial hype of the listing was received with feedback of half *** work.

At least in how I read your question, it seems like this could in time be a fully rented investment property for you (should you cash out refinance a little bit down the road to move forward with dream home purchase), and I would want to personally be in a landlord friendly state and just add that to my list of 'all things considered' when evaluating markets. 

Here's words to live by, when choosing a G.C or tradesman always go to a job in progress and visit a completed job of your applicants.

You can do a lot of internet research but you still have to remember there is a risk to evaluating properties and neighborhoods from afar. 

I did my due diligence and bought a property in 2011 for 73k cash sweat money.... repeated the same a year and a half later and so on..... my point is, sit down and evaluate your specific situation and come up with a game plan that fits your circumstances.  

You might get a different answer.My general strategy with bank owned properties is to stick to your number and keep making the same offer until they accept or sell it to someone else for more money than your evaluation justifies. 

I am a new investor in Texas, I am always learning new things as I progress in my investment.