I live in Austin, but all my properties (6 doors) are in Memphis...along with contractors, etc.I love older houses, and found one in San Antonio which I think has a lot of potential, but is also going to need a LOT of work.I would like to connect with folks more experienced with the area to help me evaluate the deal and see if it’s worth pursuing.I plan to be very involved with the rehab, but there are some things I won’t be able to do on my part time schedule.

According the SEC's Regulation D, Rule 506, sophisticated investors are those who have experience and knowledge in financial and business matters that allow them to evaluate the risks and merits of a prospective investment.

We have completed lots of projects but we still appreciate the discipline that comes from continually re cycling our own capital; if we lose money it forces us to evaluate our processes & work harder.

Home inspectors are not contractors and will routinely recommend that further evaluation by a contrator be done.

I think you have to evaluate the components independently: the deal, the price, the financing - if you can get a lower price by using bank funding and your rates are also better using bank funding, thats two reasons not to do seller financing.The only reason I would pay more is to get a closing cost credit to preserve cash.The fact that you know there are is good, but not a major factor,  I'd leave that aside for the consideration of the deal.

The other thing I would evaluate is your priorities.

With more and more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout the country are re-evaluating their needs.

The only available information I managed to find is the price paid by the old owner and an evaluation of the taxes paid.Nothing else !

I recently helped a client get 200K higher evaluation in 8 months without doing any upgrades. 

This percentage is the most common way to evaluate a deal, though some people also focus on appreciation, but to me, that's a gamble.Make sure to validate the rent somehow.