I stopped at the "right" part.You need to start interviewing PMs in Austin, getting a feel for prices to renovate(hvac, water heater, floors for material + labor, etc.).

If I were you, I would arrange to have your materials removed before they get there to work because city guys are pretty rough on stuff they have to move.We occasionally found issues like the corner of houses built in the easement and sometimes on top of a water or sewer line.

@KJay BratcherMost of the online education and in-class education about the material is mindnumbing and you won't be using 95% of it in your day to day LOL! 

This will usually lead you directly to low barrier stagnant markets where the cash flow represented in your spreadsheet does not transfer to reality and the most of the equity is "paper equity" because you will never see it materialize yet many look at completing the BRRRR as the ultimate success.I recognize I am using some assumptions but let's assume you have $100k to invest and purchase and renovate a home in MARKET A for $400K but once renovated the home is worth $500K.

.: Quote from @James Hamling:Fraud for property generally involves material misrepresentation or omission of information with the intent to deceive or mislead a lender into extending credit that would likely not be offered if the true facts were known. 

Materially participates in properties they own3.

The policy consideration behind the higher leveraged loans is to provide financing for individuals who have high earning potential and are at the start of their career where the earning potential has not yet materialized and perhaps are dealing with the added burden of student loans.

Marketing material from commercial brokers in all 50 states, for all sorts of NNN, isn't useful, and you aren't going to really get insights until you narrow your focus a bit.Starbuck is a nice easy thing to watch b/c they are all over and, since Americans have largely replaced their trans fat addition (McDonalds, Burger King) with a sugary caffeine addition (Starbucks), it's likely going to do well for a few decades. 

It's shedding material from impact of sun's rays, that's how elec is produced.

This means meeting the 750-hour rule, the 50% rule, and the material participation rule of 500 hours.