A major repair can blow your entire budget.

All but one of the family members are on board, and we collectively own the majority, but it's 55% and the bank requires 60%.

See, the majority of profit in real estate is NOT made by below market purchases.  

If you are near a major city like Austin, you will always have a stream of guests you can find.

I own a fourplex in McAllen, TX, and recently dealt with a major plumbing issue.

When was it built, and how old are the major systems?

--Financing:I would like to do 20% down, or more if needed, but I would like to avoid 100% cash offers as it would likely be the majority of my liquid assets.Question: How does financing differ from the mainland?

I will also say that the majority of our clients focus syndications (even if it's through a fix and flip fund) given that it is just much more scalable than doing one-off raises. 

Examples:44109 (median home price went from roughly 50k to 125k in 8 years)https://www.zillow.com/home-values/77009/cleveland-oh-44109/ 44102 (median home price went from roughly 30k to 120k in 8 years)https://www.zillow.com/home-values/77002/cleveland-oh-44102/ 44106 (median home price went from roughly 100k to 200k in 8 years)https://www.zillow.com/home-values/77006/cleveland-oh-44106/ It has the highest rents on average in all of Ohio for major cities and the median home value is not even in the top 3.

If you haven’t already, start saving for major capital expenditures.