Hii I am a first time investor trying to understand if Austin is a good market to buy a SFH and rent.

Customers cant get materials to the job on time or the wrong materials show up .

Even first-time flippers should be able to get these terms: Application/Credit Report/Upfront Fee: $0Appraisal Cost: $0Down payment: 10% of purchase price (= 90% LTV)Rehab funding: 100%Interest payments: Paid only on amount drawn (non-Dutch)Prepayment Penalty: $0Reserve Requirement: $0Max Funding: 80% ARVMax Funding 95% LTCClosing time: Measured in days, not weeksI hope this helps. 

This was my first time ever buying property.

As someone who has spent a lot of time in ATX and recently moved from CLT I'd be happy to connect with you!

If they don't have time to get on the phone and speak with you to explain how they work, then they will be even more difficult to get ahold of once they already have your business.

I'd be happy to assist with the financing portion (if you are considering here in HI).

So if we were to assume the loan, we need to take a second mortgage to cover the equity portion of the loan.

Alternatively, once you have a full time job (or an employment contract), you should be able to qualify for a loan and utilize a Down Payment Assistance program.

Cut your losses the first time they miss a payment and start the eviction process.