The problem with apps running comps is that they can't see inside the homes (or smell them lol), or evaluate the exact location, or understand the local market on an intimate level to know what's next door or around the corner and predict the market value and ARV accurately like only an experienced local Realtor, appraiser or expert investor can.

The inspection may reveal things that you missed or didn't know to look for (damaged roof, humidity levels in walls/ceilings etc). 

Took my reserves for down payments to a level that won't allow for another purchase at this time.Given this, as luck would have it, an amazing opportunity that only comes once in a great while came to me.  

Rental losses are not self-employment income losses - so they don't offset the assessment of that 15.3% / 2.9% / 3.8% level of tax.Here is your answer!  

That's likely the discrepancy in the data.I have a blog forthcoming for BP which digs into metro area wide data and trends for median price and inventory levels.

One thought was to move the thermostats from the apartments to a single conditioned space and place temperature monitors in each unit to make sure the apartments are at a comfortable level.

However, pricing in Austin is still substantially above pre-pandemic levels.

Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

(FYI this will likely be cheaper for me for this level of work than someone new.

Access to these,  I do not believe requires a license, but it is in the thousands of dollars for access at the level you need.