Your personal financial situation (tax records/bank statements and personal financial net worth statement)3.

The last two deals I did were in the $350-450k range which is more worth it in my opinion. 

Assets identified in this study include:Building Systems: plumbing, HVAC and electrical distributionInterior Construction: flooring, drywall partitions and ceilingsStructural Components: doors, roofing, windows and wallsPermanent Fixtures: emergency lighting, restroom fixtures and signageThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

The details are often available on local county records or auction listings.

Hey Keonhee -  Austin can tough market for cash flow, but areas between Austin and San Antonio or up toward Dallas might be worth looking into.

to me I view an inspection contingency as you do it and if something is wrong you present it to the seller and say "hey fix this, reduce the price OR if it was major and really bad just walk away".If no inspection was done, then its unethical but reality is its not worth a seller to sue over it.

Quote from @Kobe Carr: Looking to get started with real-estate and would Dallas Texas be a good start for a beginner  I have a sfh in Fort Worth, beware your property taxes.

Assuming you paid $430k, put down 10% ($43k) so have a loan balance around $387k and $100k in equity means it’s worth $487k.

I recorded a podcast last week with Dave Meyers and Henry Washington of Bigger Pockets.

Like others have said, 40k rehab budget on a property worth 55k would be considered heavy rehab.