Casey,I recommend you visit the Hobby Millionaire meetings - find us on meetup.com.28208 & 28216 zip codes can  cashflow great if you buy correctly.  

Legislation should instead focus on making it easier for tenants to correct their records if any mistakes occur.

@Logan Hassinger You are correct that is the physical vacancy.  

Get pre-qualified for a mortgage around January 2017 (must wait until the same calendar year as purchase, correct?).

Possible options I have considered include:leave things as they are since things are going smoothincrease the rent and get sued if my research isn't correct increase the rent and keep the tenant month-to-month, with the risk that tenant may decide to leave and I may get an undesirable new tenant  along with costs to clean/paint and update the unit between tenants increase the rent and have the tenant sign a lease, otherwise move out.  

If I understand correctly, you'll be the sole owner and won't be putting money in for remodel.

It just feels extremely low over the long term if doing proper CapEx or full turns/remodels over a period of time.Not trying to be confrontational, simply curious of what they were.As this is a mature, long term B&H, you are correct, a new purchase could easily find 30% to be unobtainable.

@Ben MillsI'll jump in since I develop in Austin.You are correct that one of your biggest challenges will be to find the lot.

Also for re-assurance I had an issue a year later where the new mortar had cracked I called him and he came out and corrected it free of charge so his work is guaranteed and he’s a straight shooter (hard to find nowadays).I sent mostly texts to him.

Looking for a Real Estate/Tax Advisor or both in Fort Worth area.My situation is that I have multiple businesses and multiple partners I want to be able to structure all companies correctly with the best asset protection and tax savings as possible.