Not to mention (since you're in Little Rock) how you look at economic vacancy between, let's say the River Market and something off of Mabelvale Pike.What's more material for you (and something that's fairly constant) is the amortization table that your lender will use. 

But I am still excited about the whole journey and I can't wait until I get everything rocking.

Looking to purchase SF rentals in the Round Rock area in the near future.

It will destroy carpet, sub floor, sheet rock, wood moldings.

I'm working with a mortgage broker in Round Rock.

For flips, I like A or B neighborhoods. 2 flips in the last 6 months were in NE heights, one off of Eubank and the other in supper rock park neighborhood (east of tramway by encantado/copper).

As @David Greene mentions get Rock Stars on your team and give them their swim lanes!  

I am seeing prices for light rehab (some Sheet rock, paint, grout, caulk, moldings) for about $3,000 for a one bedroom unit- I mean there are so many ways you can define what is light rehab vs medium etc- but I got a few quotes for painting/some sheet rocking, new moldings, etc and that seemed to be the range (like 2500-3500$ for a one bedroom) including materialsplus an additional 300$ to clean out debris, and window repairs I'm still waiting on separate estimates for but can share information on what I get back :) 

You ROCK!

Last month, 2,611 single-family homes sold in the Austin-Round Rock MSA.