This party won’t last forever, no one tells you when to get out, sometimes you realize too late. 

In many ways, this is the best market for buyers in Austin in years.

The information contained in this post is not to be relied upon.

I somewhat understand why the cities are trying to regular airbnb's out completely. 

@Jacqueline Wright  Every auction is different so the first items to check: do they allow financing if you win the auction? 

I’ve been keeping him updated daily, showing commitment to making the deal work, but now he seems indifferent or even looking for an excuse to back out.How do I handle this carefully considering we will still be neighbors?

Glad to have you as a part of this awesome community, Simon! 

if you are going to buy a new build buy a model home that was just built that a builder wants to occupy for years to come as a subdivision is built out. these tend to be upgraded and also long term rental agreements.

Quote from @Alex Brown: Seeking recommendations for a CPA or Tax Strategist who specializes in RE and REPS Status.This post should help:https://www.biggerpockets.com/forums/51/topics/1222774-expla...And none of us is allowed to offer you our services as long as this post is in the tax forum.

I would give it some time for lenders to catch up on this type of property.