In many ways, this is the best market for buyers in Austin in years.

Get familiar with price points in your market and what looks like a good deal. 

I still have a full-time job, but my goal is to start with 1-2 flips/year for the first couple of years, then ramp up to 5+/year.Right now, I’m focused on learning as much as possible—market analysis, deal sourcing, estimating rehab costs, and raising capital.

Austin is a fantastic market, with its growing tech presence and vibrant culture, making it a great choice for your future career. 

You should be able to use departing residence income from the market rent when qualifying for a new primary purchase.

@Joe Frank I’m a huge fan of Turbo Tenant to market properties, manage leads, screen tenants and lease up.

I would add that SFH airbnb market here is saturated BUT I believe there is still a robust market for larger homes for family gatherings and events.

One unit was rehabbed with $15,000 and a new leaseadded at market rent.

I’d recommend looking for a market that’s affordable and has good rental demand—local job growth or proximity to schools can be a sign of a solid investment.

There are only 2 ways, as I see it in the current market, to get actual income/cash flow from a rental property - a paid off long term/mid term property or a well bought short term or rent by the room rental.