It's very difficult to get SFR to cash flow these days with interest rates as high as they are.

I would not eliminate OKÇ based on tornadoes, that is why you carry insurance.It will very difficult to find something in Austin that fits your budget.  

We’ve worked together for about 2 years now, and he is focused on the operations side of the business.There are many solid sponsors and operators in this asset class, some newer than us, and some older – and quite a bit of new money coming into this space (part of this is where we are in the market cycle, and other asset classes being overpriced like apartment buildings).I’ve personally had several conversations with @Jefferson Lilly (and met him at a conference), and he knows the space well.

Two, you'll have a much easier time obtaining a mortgage product if you have a track record of W2 income.In the meantime, continue implementing the strategies you mentioned: save religiously, build your credit, pay any existing debt owed, etc.

Legal Implications & Ramifications : As an example; the iconic PCH homes in Malibu and many in the upper foothills might not permitted to build back, certainly not to the same extent or materials.

They have had a difficult year and are struggling to make their payments on time each month.

Another quarterly update and another slip/delay/below plan message.Seems normal to hear these… anyway as I already said in previous message, the ROI upside to pro-forma seems very difficult.

Getting contractors has been difficult.

They will tell you what areas want to buy and areas that are more difficult to rent. 

Even if you do find that deal, getting it to cash flow after repairs and cash out refinance is extremely difficult for Single family homes.