re: question about commercial property I inherited and what to do with it

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needing to come out of pocket for the taxes/electricity part while waiting for a tenant. I did the math it needs probably $3k/mo of taxes, electricity if vacant, wife and I are both teachers, we do ok, but that would be a sting to us if it was empty for a few months.

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Don't forget maintenance and repairs. Imagine the roof needs replacing, the HVAC goes out, or there is a major plumbing problem. Those kinds of expenses can break a regular working guy.

You may be like I say about some big houses. If you gave it to me, I couldn't afford to keep it.

I've always heard Houston is the wild west as far as zoning/land use, but it is worth checking into to see what uses of the land are permitted. Some of your business ideas or potential tenants might now be allowed.