Hey Meena - I am based in Austin as well.

On market & negotiated price based on condition How did you finance this deal?

If it were me, I’d double-check the furnace to cover all bases (maybe bring in a second opinion) and document everything.

You just discriminated against them based on family status.It's good to have a heart-to-heart talk with them about what they can afford and see what they want to do.

Based on my extensive research, the data suggests the following success and failure rates nationwide:Success Rate: 70-80% for experienced investors, 50-60% for beginners.Failure Rate: 20-30% overall, with 10-15% leading to significant losses.I’m eager to hear insights from any BP members who would like to share their thoughts.

Not sure where your research came from but what I was basing my perspective on, was from a professional working knowledge of being on the ground observing.

Leverage will be based on whether the land is entitled and borrower track record but 50-60% is the norm, not 80%.

Where are you based out of? 

However, a larger home may consider another can or two in certain locations based on proximity to the kitchen or bathroom.

They already have a track record (good or bad) with you, so you can decide based on payment history, inspections, etc.