With those kinds of rents ($5,800 between the 2), even with a 9% cap rate, in my opinion those properties should collectively appraise for nearly $500k.

I have seen 20-30% on 2nd liens in the past, not uncommon - especially if its a wonky type of deal (not your standard single family but land, development deal etc).I have started seeing some who have 30-50% 2nds from HML on single families. 

With a house hack you buy a single family and rent out rooms to roommates to make money OR a small mult-family (2-4 units) and rent out the other apartment(s).

The Austin area had 5-6 months of inventory for most of 2024.Here are the January 2025 numbers for Austin and the greater metro:Here’s a chart showing the median sales price of a single-family home in the City of Austin in over the past year:The median sales price for a single-family home in January 2025 showed a year-over-year increase of approximately 1.9% in Austin.

We bring all our own food, linens, etc, and typically don’t even have running water at these locations.

Both cities get so much negativity, you can even see it on here, so I'm happy anytime either city has some success.  

Basically partnering on one single effort. 

We are considering investing in Houston as foreign investors (from Belgium), our goal is to find and start with a long-term rental single or multi family home. 

The last Liability only policy we did was 7 Single family rentals in FL, $1M of coverage for $1,700 per year. 

Contacted them on Feb 11th. 4 days later still no response.They don't even respond to post on BP.