Whatever you decide to do, do NOT even entertain the idea of skating by on the disclosure. 

I would budget accordingly if you are planning to hire someone local to help.

In my mind, this would include budget tracking/management, CRM for vendors, links to outside service vendors/resources along with a project management tool. 

Your budget will need to increase about $100K to get into anything other than a condo, and I do not recommend that.

Hey Jerryll, if you were a new wholesaler / flipper (who generates their own leads) and had a marketing budget of $5,000 over 6 months, how would you spend it?

Overall Austin is currently a Buyers market but there are some neighborhoods that are Sellers markets due to good schools, accessibility to Tech hub job areas, parks, entertainment etc.

If you’re targting properties in historic areas like Lincoln Park, be sure to budget for unexpected maintenance expenses, as older buildings often require more upkeep.Incorporating 1031 Exchange StrategiesIf you’re looking to scale your investment or defer capital gains from a previous property sale, consider utilizing a 1031 exchange.

Always include a contingency in your rehab budget.

Make sure to budget for any repairs that might be needed. 

With the right budget for fixes, you could add value to the property and turn it into a profitable investment.