Unless you run into a situation where The seller is heavily distressedYou got really luckyTons of repairs are needed and nobody else wants to deal with doing them you aren't going to get anyone to sell to you at 80 cents on the dollar.I believe when Brandon discusses this method he always talks about doing lots of repairs, this is your number 1 & 3 from above.

If it's a financial decision, it should be heavily analyzed and the room for mistakes should be minuscule.  

v=hoA-uqMB5YoHere's a group TenantsTogether that is heavily funded by a lot of political groups and lobbyists.

I do plan to move out over the next couple of years but if I begin heavily investing and buying while still living with my parents I plan to contribute more.

Define your requirements, taking into consideration the realities of the market (Austin is heavily weighted toward the appreciation play at this time).

We have been investing money heavily into this property to make it appealing, not just to us, but to our future tenants. 

I cosmetically renovated the lower unit due to messy tenants that smoked heavily and apparently never owned a vacuum for 5 years.

I'm heavily leaning that way.

But the cap rate is the same for a cash owner and one heavily leveraged.  

Recently starting our investment journey and heavily researching REI and different marketing/advertising avenues.