While they may or may not be professionally managed, Class C properties will have some deferred maintenance issues and need renovations and upgrades.

Having a vision for future projects like the ones you mentioned are great, but learning the ABCs of RE with a small investment (initial down payment - since you only need 3.5%-5% down on a primary) is the best way to sharpen your skills.

Almost every research project starts out with an AI inquiry.

But because this is an older home that could use some renovations and the idea you may move back to Austin sooner than later, I would seriously consider keeping the home for now.  

Quote from @Antonio Vega: Our primary focus is empowering real estate investors by providing up to 100% funding for their real estate projects.

@Yaroslav Shtogun assuming this is something you can tackle yourself and with your network doing the full deal would be an awesome project for you!

I graduated with a degree in construction management, moved to Dallas Texas to work with a large construction company building projects anywhere from 30 million on up to 1.2 billion.

I don't know whatever happened to the court case, but I do remember it was in the 60-80million range of renovations apparently needed to the structure. 

@Fulati PaerhatiRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

You only get a sense of this by meeting face-to-face once or twice.A bad borrower can kill a great project.