Its on a cul-de-sac close and walking distance to Springwoods Park.This is a great way to live very affordably in Austin, build equity, and learn how to operate rental property and manage tenants (if you choose). 

Originally posted by @Jorge De Jesus:@Marcus L RobersonBased on A couple of your posts seems like you have a few basics to knock out, I’d be more than happy to answer any and all questions.

@John De La Garza, we still own the 8 unit in SA which we purchased in 2017 (another 1031 exchange.) 

I am excited to say that I took  the first step toward my goals and am closing this month on my first triplex in Wilmington, DE!

When better options are exhausted or too costly the other options (such as IB, border state area, and to a lesser degree Oceanside (which has already experienced significant price increase)) are what are available. 

I thought about incorporating in Delaware but doing business in Florida and decided to just incorporate in Florida. 

So yes, this property would be a C class, bordering a (D)o not enter zone, close to the University of Spoiled Children (Sorry, go Bruins).

@Betseat Getachew - If you will explore a little outside of your target area of Dallas and consider Tarrant County as well, you will get much more for your money (Dallas/Tarrant border each other).

Originally posted by @James De Stefano:Great write up OP!  

You might want to ask him to explain the BAR rules (Betterment, Adaptation, Restoration) surrounding capitalization.Maybe you can expense it as de minimis over multiple years, but that seems like a lot of work to me (what Michael was hinting at).