Hey BP community,I’m looking at a short sale property in Florida and considering making an offer.

I went through someone else last year which has all of my previous rental property information on it and nothing has changed except now I have a child.

I want to know how is rental market in Austin area and my main concern is Property value went up recently and how it's coming along on rent and is there any opportunity for cash flow in austin marketThanks

The way I interpret the following policy clause is that so long as the property is defined as other than "VACANT" which is the case when the property is being "constructed, altered or repaired", the 30-day time period and vacant status does not apply in this instance: We do not insure any loss at your premises if your dwelling has been vacant for more than 30 consecutive days immediately before the loss and the declaration page indicates an occupancy other than “VACANT“.

The Long term, after some reserves, I'd like to bring down the assessment costs since I worry that this will negatively impact the property value. 

The property is only worth what it is worth - what the seller needs to make is irrelevant.

What percentage of gross revenue does an owner typically keep if they do employ a property manager?

We can build spec homes for $130K (1,140 SF) it just all depends on what type of property you're looking to build. 

This aligns with my interest in passive income.I realize I am not cut out for the entire REI process of consistently finding multiple properties for particular exit strategies.

In the last 18 months various states have instituted new rules, regulations or laws related to (1) need for licensure to wholesale (2) restrictions on marketing of a property in which you do not have ownership and (3) disclosure requirements when dealing with a homeowner that makes it clear to the homeowner that the contact signed with the wholesaler is not a definitive “sales” contract, therefore making it less likely home owners will sign4.