That means I'd be covering a significant shortfall every month.

I like to use removable pillow covers with down inserts.

Some properties appreciated double during this cycle and the rents still covered the mortgage after a cashout refi. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Texas does not have a reciprocal agreement meaning TX agents will handle the deal but the buyer should cover my commission.

How do you call a performing Wrap due, in order to cover the Due On Sale on a property you did a SubTo on if your buyer is within his rights on the Wrap?

Frank, For a rookie investor with low capital looking to build a rental portfolio, the best strategy is house hacking: buy a small multi-family home with a low down payment (FHA or conventional loan), live in one unit, and rent the others to cover your mortgage.

We have been told that fha will not cover this since there’s are two residences on the property.

I will say the picture did not match your strategy of going to Austin.