Purchase price: $275,000 Cash invested: $45,000 Sale price: $410,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.

As far as features, Rent Redi obviously blew everyone else out of the water.

Are you planning to live in the property or use it purely as an investment?

Read or watch YouTube’s on India and Africa bringing water to the land.In the meantime you won’t save your way there.  

Hello Matthew, Looks like if i get a discount of say 20-30 k, i will still will be under the water for accepting to update the records and bear the consequences which no one know how it goes.

Section 8 can be a PITA in some areas with things like paying rent on time if there is a water stain on the ceiling.

Principal Paydown: $2,441 Total Gain: $58,317 ROI: 360.32% (on $16,185 upfront investment: 3.5% down payment of $8,715 + 3% closing costs of $7,470).Year 2 Analysis Cash Flow: -$752 Home Appreciation: $6,120 Principal Paydown: $2,617 Total Gain: $7,985 ROI: 49.34%.Year 3 Analysis Cash Flow: -$375 Home Appreciation: $6,242 Principal Paydown: $2,806 Total Gain: $8,674 ROI: 53.59%.Year 4 Analysis Cash Flow: $9 Home Appreciation: $6,367 Principal Paydown: $3,009 Total Gain: $9,386 ROI: 57.99%.Based on these numbers, you’d have negative cash flow for the first three years and only break even in Year 4, assuming a 2.5% annual rent increase.Adjusted Scenario see second picture: Landlord Covers Gas and WaterIn the second scenario, I assumed the landlord would pay for gas and water at $300/month while maintaining the same 2% home appreciation rate.

Quote from @Anderson Banegas Cerrato: Elijah, this is pure fire, man!

There are very few, good buying opportunities in the Austin metro-plex for pure investors.  

I don't recommend throwing the baby out with the bath water, and definitely make sure you understand the nature of the Mentor you choose.BP is a great resource to meet some amazing people.