Two completely different loans that require different underwriting approaches. 

Focusing on B and C-class properties is a smart approach for multifamily investments, especially in a vibrant area like Austin.

Your conservative approach to estimating income provides a solid buffer, and the strategic location adds a layer of security.

It's better to preserve a healthy relationship with the tenant than save a few bucks.

It may seem like my number seems high but the cap ex on the kitchen alone with 15 year life is approaching $100/month.

What was your approach? 

Ron Rowan’s local insights helped us approach the seller with a fair offer of $160,000.

Quote from @Kristin Solbach: First time investor here that is feeling pretty stuck.. we want to get started in one way or the other with lot of different approaches and advice out there.

Alternatively, I’m considering wholesaling it for a quick $20K, but I’m not sure how to find local investors who can move quickly and close within the bank’s timeframe.I’d appreciate any tips or guidance on whether I’m approaching this the right way, ways I could improve, or how to effectively connect with local investors who could allow me to wholesale this property and make some immediate cash.

I didn't want to have three vacant units at once, so I tried that approach with the 3rd tenant.