You will always have to keep your real estate machine running in close to top performance, this will add stress in later years.

All need improvements ($5k-$10k/ unit) and rent can be increased substantially.

The main reason why homeowners opt not to pull a permit is because building improvement will increase property taxes.

Funded property improvements with cash-flow from the building.

All improvements completed with cashflow from the building.

Most people do not achieve their projected returns even when performed local. 

If you raise the rent every year, do you always need to fix something small on the property to justify you raising the rent or every other year you dont have to improve something and just tell tenant raising rent for the cost of living or property taxes or insurance that went up.

Burleson is booming, Cleburne is on its way with the new toll road making access easier to downtown FTW. 10 of my rentals are in JCO, they perform as well as any other.

Unless stated in the contract somewhere (which based on your post I'm assuming it isn't) the seller has no requirement to extend and, since you are the party that is unable to perform under the current contract there is probably nothing you can really sue him for (this is not legal advice, just an opinion).

Like I said, I’ve made a few improvements on the house. 1).