We only have permits for around 3000 units to be delivered by 2025, so there is a real problem which is helping our rents along nicely.

Typically owners want an offer before showing but see if you can view.

Jorge,I am by no means bashing you, but it seems like the title company which you hired is perhaps not as familiar with subject to or other creative financing positions.

Our offer was already accepted and we are within the due diligence days, but we just got informed after the offer was accepted that the additions don't have the permits and the current owners say that they purchased the house like that with an FHA loan?

I am told that it is more expensive for sellers to accept VA offers because of Termite inspections and repairs and many other costs.

I remember something like this being touted over 20 years ago by a company who's name I can't think of at the moment.

Whenever I see properties that are being sold by an owner who did SROs they are usually in rough shape.

Bigger Pocket Community,I need advice from rent-by-the-room owners and Texas lawyers.Quick introduction.

How much it rents for is not determined by what you'd need to make it a good investment, it is determined by the market. 

Quote from @Michael Dallas: Real wealth is built by holding onto property.