Would love to hear your thoughts on whether pursuing this adjustment makes sense or if I should reconsider.For reference, I’ve included the following assumptions in my calculations:5% for maintenance3.5% for vacancy10% for capital expenditures and management feesThanks! 

I think incorporating @Stuart Udis insights and adjustments, as well as @Jay Hinrichs is how get this clay into solid-gold. 

Now, if you listen carefully you will find that he too found some of the same things that others mentioned...no deals in Austin, prices were too high...but then he adjusted his approach and nailed it!

When the tide does shift, you'll be cruising on Easy Street while the others are still getting in the water, adjusting their goggles, and warming up their muscles.

Change orders are going to happen, but by needing approval from you before they move forward, this allows you to control expenses better and/or make adjustments in the SOW so that you can stay on track and on budget.

Builders often adjust pricing based on rental saturation, which could impact future appreciation.

Keep abreast of the latest fraud techniques and adjust your criteria accordingly.Educate Your Team: Ensure that everyone involved in the leasing process understands the signs of application fraud and knows how to react when they suspect fraudulent activity.Legal ConsiderationsWhile it's important to be vigilant against fraud, it's equally crucial to conduct all screenings within the bounds of the law.

The numbers can be adjusted for taking more from the HELOC to do repairs and add furnishings, but I think it's fair to say that $1880 + $700 - (cost to borrow for repairs and furnishings) will be at or greater than the original $2300 in profit form the single house.5.

If it’s a tax office, they could be swamped or uncertain about their future.What’s your gut telling you.. are you leaning more toward a full rent adjustment, or focusing on retension for the long haul?

I’m also starting to wonder if my minimum requirements are too high for this area or if I should stick to them.Here’s what I currently require:Application: Everyone 18 or older must complete an application.Screening: Includes income and rental history verification.Background & Credit Check: Clear background and credit check required ($45 application fee).Income: Monthly income must be at least three times the rent (minimum $4,200 combined).Credit Score: Minimum credit score of 650.Eviction History: No prior evictions allowed.I’m considering adjusting these to a credit score of 600 and income of 2.5 times the rent.