Looks decent.Some things to consider:Holding Costs - you will be paying your HML interest only payments for however long it takes you to renovateA Full Gut for 60K seems too good to be trueRemember your ARV / Refinance interest rate are moving targets.

What are your goals for this property (e.g. why are you getting into this)?  

This is more of a reach goal for me since I am still in my "collect 4 green houses before trading up to a red hotel" stage, but I thought I would ask the hive mind anyways.

I need some advise from you all before i move forward.How do you make the mortgage payment?

If they choose not to accept the rental give them x days to move without penalty.

The worst is when they don't tell you they are moving out and leave behind enough stuff that you are not sure if they are coming back for it, and they ghost you.  

I was told ( I better hurry, the project is just about sold out) As of June, the project is still selling and now the timeline has moved to the right by another year, 2023-2024. 

For more affordable properties—those priced under $400,000—the timeline is even shorter, with many homes receiving offers within two weeks of being listed.This fast-moving market poses a particular challenge for first-time buyers who may not be as familiar with the urgency required in competitive bidding situations.

Another option is to split the cost based on the number of occupants in each unit but this also means you'll need to adjust the charges as tenants move in/out, so it requires more work and I wouldn't recommend it.

You love the house and there is a likely opportunity that you may be moving back to the Austin area.