For most of 2024, we saw 5-6 months of inventory in the Austin area.Here are the December 2024 for Austin and the greater metro:Here’s a chart showing the median sales price of a single-family home in the City of Austin in 2024:The median sales price for a single-family home in December 2024 was up roughly 9% from the beginning of the year.

The 1st position loan is paid off but has a second position heloc on the home with 50k balance.

Another might be a residential tenant whose child comes home from college and discovers black mold in her bedroom closet.Ideally, Tenant Estoppel Letters will be sent to them after the inspection and financing contingencies have been cleared and within the last week before closing.

Quote from @Robert Smith: First time post, apologies if in wrong spot, this seemed semi-appropriate.Wife and I have 3 rental properties and 1 home, all in CA. 

My wife is a Top25 Realtor in Ft Wayne, I'm a licensed contractor and home inspector.

Well, that’s definitely something to write home about. :-)You use the word “WE” a lot.

Also, would a home warranty be a smart move?

You'd be surprised how efficent electric baseboard can be in a well-insulated home. 

If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.

If you use niche.com you can pretty easily find median home values, median incomes, an some data pretty easily.