While there are fewer native Austinites left, if you find them—especially older residents—they can be an invaluable resource for inside information.Get involved locally: Once the tourists and college students leave for summer or holidays, you’ll realize Austin is still a small town at heart.

Has anyone out there been involved in something similar or have ideas on how I can move forward with this?

I have a few (legal) marketing ideas I haven't seen any other wholesalers use just yet that I think will help give me an upper-hand making it a win-win-win for all involved, but I'm glad we're on the same page because I want to do this right.

Banks have cheap enough money and most have stabilized their reserves to be able to handle going to open market and getting a reasonable market offer.

Property that can be improved, stabilized, or otherwise repositioned for greater value.9.

Full Occupancy: The property achieved full occupancy within three weeks of listing, with strong tenant demand.High Cash Flow: The property generates $5,570/month in gross revenue and approximately $4,690/month in net profit after operating costs.Effective Use of 1031 Exchange: $300k of the total $420k investment was offset by the 1031 exchange, minimizing out-of-pocket expenses.Long-Term Stability: Designed for durability and versatility, the property is expected to cash flow for decadesLessons learned?

So, you can activate a channel remotely from your phone, tablet computer, etc (Yes, this would involve a guest sending you a msg, if it’s a channel that doesn’t do #3)3.

Reflecting with the beaty of hindsight, I thought it might be worth revisiting some of the strategies mentioned here to explore how they’ve played out over the past year.For example, in early 2023, property values in areas like Bay Park and Clairemont were climbing fast, but they’ve since stabilized a bit.

I'm an LP in a Syndication where DLP is also involved. 

@Saul Clavijo make sure you understand you will be getting into Class C properties at those numbers.Food for though below, DM us to chat more about Detroit:--------------------------------------------------------------------------------------------------------Recommend 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?