Its in a lower-income area where the current rents are $400, $650, and $800 (vacant could rent for $600).

This implies residential units can be built at lower costs and provide better return than building a single ADU.11) adding an ADU to SFH can make the SFH fall under rent control.

If that is a problem for you, you should just sell or self manage because you aren't going to find a similar level of service for a lower price.

I wanted to help them out and minimize their loss and saw an opportunity to get a property slightly below market because of my commission savings, immediate mortgage and maintenance relief, in addition to keeping a lower short term interest rate How did you find this deal and how did you negotiate it?

. $220,000 is definitely a lower purchase price amount and really limits you on what you can buy.

You can also do value add STR & Multi-Family Rentals by starting with distressed properties and using a bridge loan to acquire them with a lower down payment compared to a DSCR loan.Networking – Connect with local investors, wholesalers, and realtors in your target markets.

As you're just starting out in Austin, focus on learning the local market, particularly areas with good rental demand and lower entry prices.

It is often much lower than rent O meter because rent O meter is pulling data from the advertised price, not the rented price.

@Mickey Petersen I would 1031 exchange into a larger better cash flowing property or whatever gives you a leg up on your wealth building.

This scenario is determined by the condition of lead-paint and the cleanliness of the unit (remember, we are dealing with dust and paint chips - less dust = lower levels).