In fact, the median sales price of a single-family home in the Austin metro is ~44% higher than it was at the start of 2020.

So if the agent wants a higher commission, the price needs to be reflected.

Rehab costs were higher than estimated.

If you are looking for rental income, you may have better luck finding cashflowing properties on the westside of town (Fort Worth, Arlington) due to the higher price/rent ratio.

If you’re concerned about the cash income, you could consider additional safeguards, like a higher security deposit or using a guarantor.

There are many banks that also have their junk fees, higher spreads, which results in a costlier loan.  

Ideally completing light renovations like this shouldn't take long and you should  have a low holding cost on the hard money loan (if you used debt) and make a higher profit on the sale or have more flexibility on the payoff when you refinance  Plan on long-term and hold.

A DSCR Loan will carry a much higher rate than 4.8% and will most likely need a greater down payment. 

If the EMD is higher than you typically use, you could always use a transactional funder like myself.

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