They may truly not know that the property has any issues or they may be playing "ignorant" of any issues. 

Aim for a $75,000 ARV to play it "safe".As far as private money you would probably have to find someone local that knows the area and wouldn't have a problem taking ownership of a property like this if things go sideways.My guess is you'll have a tough time finding an individual that wants to loan on it. 

(see graphic) I don't expect the next two years you will see much rent growth in Austin.In the many cities in which we've invested, we have seen this supply / demand interaction play out in cycles.

@Nathan Pethers recommend you use the BiggerPockets Agent & PMC lookup features since +95% of agents CLAIM they can work with an investor, but actually only know how to do owner-occupied transactions.Your PMC and agent should work together, on your behalf so make sure they play nice:)

I’m a Golf instructor, I play guitar.

I have the appreciation play / minimal cash flow in Texas right now, so the Akron plan is to maximize steady cash flow.

End of the day it will work or it wont..if it plays out the way you want it to or think it will then you will be the winner..  

Once you see people just like yourself doing deals you will gain the confidence and stop playing computer real estate and get out in the field.

If over leveraged in R.E. yup, gonna get zingged, exact same as if were playing with leverage on stocks as one WOULD get a margin call exactly the same.     

Def something you would want to have in play with a remote pool STR