Several questions from a new investor

[Renee Burke]

Hello, I am a newbie in real estate investment and have several basic questions for you:

- ON this board I see people referring to A, B areas. Where can I find a list of the specific areas in Austin, that are A, B, etc? I am assuming that lists the zip codes?

-I'm interested in house-hacking in Austin (duplex) and living in one of the sides for about 4-5 years. I've used the calculators available on this site but have a basic question. When estimating the cash flow, If I am living on one side, what numbers do I use? For example, when asking for monthly rent, should I enter the total for both sides, even though I live in one of the sides? Or enter only one side (the renters). For expenses, there will be expenses on my side and also on the side of the renter. How do I reflect those in the calculator?

-Finding a duplex for me has been a bit challenging since I have conflicting goals. I want a property that can cash flow as soon as possible. However, in order to get that I have to look at areas that may not be the best for my children (not so much for schools but crime, etc.) Has anyone had this situation?  Suggestions? I am constantly in a conflict between the cash flow and providing a safe environment for my kids. IDeas?

Thanks

[Kris Wong]

As with any market, your better cashflow areas are generally going to be your lower grade neighborhoods. Investors expect higher compensation for the additional risk and headache that come along with owning and managing in those areas. Your best opportunity is going to be in neighborhoods that are currently on the upswing, such as Franklin Park, and parts of East Austin (East of 183). If you are going to invest here, I recommend following local market news closely. The ABJ is a great source.