Example: Hot water heater, warranty by manufacture, installed by Mike's Plumbing, 9/12/14, 555-345-6789.

I can't speak to setting something beyond hot to the touch on the counters.

If you are planning on doing buy and hold check out craigslist or hot pads for what rents are in your area, what amenities warrant higher rents, ect.  

If a water heater goes out on a Saturday evening and you have to get one installed on Sunday in the middle of winter so they can have hot water you need to have enough in escrow to cover this. 

I think anything on this would take more than that also, but it looks like potentially a lot of upside to me, even without market increases in this red-hot area..

List it with an agent if its a hot deal it will sell. put it on craigslist...

Get ready for the wild ride of the Houston hot market.  

Unless you're some tech whiz with the next hot startup, there's probably no other industry that allows you to make as much money, in a short period of time as real estate. 

We're really excited to announce a new simple but incredibly powerful feature here on BiggerPockets:If you are a BiggerPockets Pro, you can now add a video to your profile, embedding either a YouTube or Vimeo video.

I have a section 8 rental in one of the hot areas of Denver and your brother would never guess that it was section 8.