I am primarily interested in historic or just old and cool properties.

The original water records will have what the property was built as originally.  

I'm a newbie in the Dallas area too, trying to navigate the investing waters.

remember in 2008 when most mortgages were under water?

Cool to see you down the street in Raleigh.

Chris, I purchased a 3 bedroom 1 1/2 bath in zip 72209 for $50K  I'm renting it for $765 w/ gas and water paid.  

Something you might try with the black mark is bleach and water.

What do you inspect when you get to the property, for example water heaters, foundation.

Not haves- pools, hot tubs, fridges with water dispensers/icemakers or stoves and washers , dryers with too many electronic displays!

Any advice on lenders would be much appreciated. sorry for my lack of experience posting but i'm learning:) Thanks Kyle8181 Wickson Ridge Commercial rental2 - Metal Buildings approx 8400 sqft Each8 - Units approx 2100 sqft each.50-.75 per sqft of rents ($1200.00 per unit)Costs For building (based off my High Quotes) - $100,000.00Parking lot - $50,000.00Septic System - $15,000.00Electrical - $20,000.00Metal Building - $100,000 Delivered ($50,000.00 Each)Concrete and flat work - $128,000.00Land - $36,550.00Install Building - $10,000.00Concrete Water Drainage - $36,000.00 (optional has to be approved by developer and neighbor)Unseen cost - $20,000.00Total$415,550.00Rents per month$9,600.00ARV with typical cap rate(10%)is $860,000Loan Payment with tax and insurance$3,000-$3,600