The electricity isn't knob and tube and doesn't present much difficulty to maintain and modernize, the plumbing is all pretty simple (single stack).

They have more skin in the game then you do.Make sure you get clear title.

In fact, the difficulty in responding to your question about whether your costs are reasonable stems from the fact that I have no idea what specific materials or cost of materials you are using. 

Everyone's going to want to see some of your skin in the game, brother.

Austin's desirability will not reduce over night.Talk to local investors who have more skin in the re and can give you sound advice. 

Those properties, with a lot of deferred maintenance, the high likelihood of more transient renter pool, and relative difficulty finding high quality management at that rent price all point to a property like this tending to bring the most risk, especially for out of state buyers. 

I am more curious about if there might be any difficulties I might expect since the money is coming from Canada, or if it will work just the same as getting a loan from the next door neighbor.

I am having difficulty figuring out how to model a ramp up of acquisitions to determine how long it would take to replace my current income. 

This summers increase in home prices has only made it more difficult. I

We are having difficulty in finding the best financing structure to get the project to the finish line.