Austin market is out of my price range and looking at investing back in my home town (Single family/Multifamily).

Does someone know a range of how much $/sq ft a parking space costs in a busy area say downtown Dallas vs non busy area? 

Yeah this approach can work with rentals in the 1% range.

@Cheryl A Perna- thanks ...the proeprty will need to be a condo as there are no SFRs in the downtown area you mention ...condo market in seattle  is  much softer  than the  SFR market right now ...its a buyers  market with many units for sale ...the price ranges are still high and if you want to try to break even with renting it part time - it may be tough to do   especially  when factoring HOA dues into it  . 

In LA, it can range from 90k-180k depending on who you ask for a ground up ADU.

If you do plan to flip in that price range you're going to need an intimate knowledge of the area, demand drivers, and how to remodel these older homes efficiently. 

With the 600 taken it out it generally says in the 200k range at the end of the year.

You can manufacture transactions on there.Debt free, but they have over 3k in collections? 

An example would be buying a SFR house in a Class B area for 230-250K that is renting for 1600-1800 range, those are not home run numbers but with low property taxes these are still better deals than what you find in other places.All the best in your search!

It will likely be in the 7-9% range for an investment property.