It's very evident from other cities that people absolutely will build units with out (proper) parking if allowed to do so and the burden then falls to the public.Duplexes tend to do very well in Austin and I've enjoyed working with them in the past (I ran a fund that acquired and remodeled duplexes and four-plexes across the city).

Hi Peter, I ran a similar (condo) property which I owned in El Dorado Hills (Eastern Suburbs of Sacramento, CA) 2006-2010 or so.

I ran across what looks like a foreclosure auction close to my primary residence.

I ran one scenario using an ARV of $875K and came up with a number around $715k.

In terms of screening, after meeting them in person I had them send me their latest 2 pay stubs, and I ran credit/background checks.

Another issue I ran into on a property was when I wanted to change the use (industrial to residential) I had to bring the current structure up to the new energy code.

As for Bigger Pockets--I ran across the books first, then listened to the podcast, and I knew when this day arrived I'd have to join the forums, where I've lurked in the past. 

Culturally I don't think he'd ever truly be comfortable/happy not working - also he loves his work.

I ran the BP Rental Calculator with the assumptions:Vacancy: 10%Repairs & Maintenance: 10%Capital Expenditures: 10%Property Management Fee: 10%Annual Income / PV / Expenses Growth: 0%Sales Expenses: 0% Having never bought a unit, I could definitely use any insights into the assumptions for this area.

@William Murrell i ran the numbers, using cap rates and I think i have a good offer. someone said earlier if you use cap rates on anything with less than 6 units you either don't know what you're doing, or you are an expert. and i'm no expert, is there another way to evaluate an investment property?