I agree with the others.

What's more, there's a lot of variation in the fixtures and other bells and whistles (like you might see in the luxury market in the US), so prices are all over.    

I co-owned a franchise for 15 years, we paid over $1.3 million in rent.

The deeper your market knowledge, the stronger your relationships with agents, contractors, and lenders, and the better your deals will get over time.

Personally, I advocate for a long-term investment strategy and would recommend investing the funds, provided you are comfortable with the expected return on investment over time.

Quote from @Cameron Fowler: Hey BP Community,I am wanting to get into flipping and I have the construction experience but am lacking the cash or money to fund a deal.

You found the right place for information.

The investors get much more profit out of the property.Recommend having a very open conversation with your FIL, expressing your interest in potentially taking over the property from him.

Just saw the news , over 1000 structures destroyed and possibly 28,000 in danger . 

The city is among a number of nodes for Tesla suppliers popping up throughout the Austin metro as a result of the so-called "Tesla effect" — which is shorthand for the trend of electric vehicle suppliers flocking to the region in response to Tesla's mammoth presence in eastern Travis County, where it has a gigafactory and headquarters.