If I do not get enough calls pretty quick, I do a paid ad on Facebook targeting specifics that fit my property. 

@Wen ChenNone of that is an expense.Costs specifically connected to obtaining the mortgage (appraisal, credit report, origination fee etc.) are combined into "loan costs" and then set up for amortization over the length of the mortgage.The rest is added to the purchase price and results in "tax basis" which is then set up for depreciation over 27.5 years, after allocating a portion of the basis to land.If this process sounds complicated (which it is) - you may need an accountant to help.

If you have more specific questions on what the numbers in each area look like, or just about investing in Austin- please feel free to connect and message me!

You'd have to work with a developer on the specifics.

It is Exactly the same as getting a preapproval when No specific property has been identified.....he loan will be subject to appraisal and condition.

I too am brand new to the BP team, also in the south NJ area, clementon to be specific. 

I don't want to go into specifics for obvious reasons, but each connected call that makes it to my desk is work between 50 to 250K.  

With turn-key specifically, I'm hesitant to enter higher cap rate markets, which by definition carry more risk.

So, I've been poking around for a bit and trying to sort a few things out.   I'm looking into a multifamily in Berkeley and had considered that I could rent most units doing the basic stuff, but might be able to do a ...

@Daniel AntonettiIn general, not much you can do after closing.If you had made specific requests about the tenants in your sales agreement then you might be able to go after the previous seller for not complying.But, if you didn't have specific language in there, the owner is still able to renew leases.Even if you had Estoppel Letters, it wouldn't prevent the seller from doing something sneaky at the last second like signing a lower rent lease in exchange for doing fixes the seller didn't want to deal with out of pocket.