Frankly it doesn’t seem like you’re ready to pull the trigger on this deal. 99 out of 100 “deals” from wholesalers are bad IME.

However, I called the City of Aurora to ask about zoning codes and considerations for doing this, and they said renting out a basement is not allowed in Aurora.

This was my first deal and I suffered from analysis paralysis for two years before pulling the trigger on my first real estate investment.

Out of curiosity, depending how the credit is pulled into cash...could this trigger any red flags regarding money laundering?  

Know that there is still robust demand for Austin housing and that prices are still considerably higher than just a few years ago.

But I've had a lot of issues with the accuracy of Zillow's estimate in terms of accuracy as it really isn't; in my opinion, structured to predict changes in rent over time or take into consideration any additional amenities or upgrades.

I started in the land business so I do have a lot of background knowledge at it.I have also been trying to buy a longer term cash flow asset and with rates were they are and cap rates out our way ( at least asking) at 4 to 5 to 6  they still dont make sense. but we are starting to see some 7s so if we can offer and get 8 on a nice project I hope to pull the trigger this year.

I have been gaining momentum for three years and I often think if I had just pulled the trigger years ago I would be in a much better position.

Definitely a lot of considerations to discuss.

It is worth consideration in making your property pet friendly, so that you can capitalize on the reality of pets and charge extra for them, as well as possibly make your home more marketable on the various hosting platforms.