If there was a way to go over example forms pre-filled out, it would help a lot.

@Minnina SmithTo buy your first rental property, assess your financial situation, educate yourself on real estate investing, set goals, build a team, analyze deals, get pre-approved for loans, and start property hunting.

That way I atleast saved interest payment on commission to be paid for which minimal service was offered.

However, pricing in Austin is still substantially above pre-pandemic levels.

Security deposits have been paid by the resident family half of the time and the relocation company half the time. 

Any debt on the property is paid off as part of the sale.

The 3rd mortgage is paid back now freeing up $200/unit/month cash flow and then when I’m able to pay back the 2nd mortgage it will go to about $350/unit/month.

Our lawyer wrote up the loan doc, they borrowed $60,000 to renovate 123 main st, I got first position lien on 123 main st, they paid $500/month interest and the $60,000 lump sum back after 12 months.

My long term tenant (a family friend) is moving out and I am concerned how to make sure I pre-screen future tenants effectively without violating any laws. background: this property used to be my primary home and had a very informal agreement with a family friend to rent from me in the mean time.

The initial tenant issue was settled at $700 and change, which I paid.