Always happy to see other folks from the DFW area on here.

But this will depend on the area that you are buying in.

I am looking in the greater Austin area, with plans of securing a job and house-hacking a quadplex or triplex.

I personally use 40% but I'm also in a higher rent area.

When I attempted to do a similar flip in another county in Texas, where I was unfamiliar with the nuances of the area, my “slam dunk” deal ended up as a $40k loss!. 

I also assume you’re investing in an area with increasing rents so look at 3-5 years out with increased rents an it better cashflow well if rent isn’t stagnant. 

@Jefferson Black- thanks - I am not aware of any lender that  will do a loan on an INV  manuf home property ...you might contact the local small to mid size credit unions and banks in your area ...you also might try the bank that you have  funds deposited at - good luck

Hi @Briley RoeNice to hear that you made the first step in investing.Looking at the deals, I would need more information, but per the data that you have, the Cap Rate is within a good acceptable amount.Cash on cash is low, but depending on the area that you are the appreciation will catch up.

I'm looking for a skilled sales rep who can help me connect with landlords in Florida (especially the Palm Bay area) and Georgia.If you're interested in collaborating, I'd love to chat more about how we can work together and what your experience is in real estate sales and landlord outreach.Let's connect soon!

This is not the cheap markets but the higher cost markets.This year I added a half bathroom out of existing space in a very expensive area.