We saw potential in this property due to its location and the ability to increase its value with minimal investment.

For Conway and Titusville/Melbourne, focus on:Occupancy rates: Check how full local rental units are—this will give you an idea of demand.Rent trends: Ensure rental rates are stable or increasing.Local economy: Are jobs, population, and amenities growing or declining?

That’s great advice to evaluate the potential increased cash flow versus applying the extra money to a different asset. 

So, while prices currently remain similar to last year, we are seeing softer buyer demand and increased inventory compared to 2023.Here are the full stats for Austin and the greater metro:Here’s a chart showing the median sales price of a single-family home in the City of Austin this year through August:The median sales price for a single-family home in August 2024 was up roughly 11% from the beginning of the year.

However if you are lucky you might still find some places suitable for solar farm and yet to be noticed, especially after the increased interest in community solar.

I also think it makes sense to renovate in Humboldt due to the ongoing gentrification and also the increasing rents. 

Tenant Relations: A property manager with excellent tenant management skills can reduce turnover and increase tenant satisfaction.

This is giving me an increased sense of caution and I appreciate the heads up on the impact of these other factors on what I'm seeing in these listings.It seems so daunting to get at the truth and the details, especially for a first go round.

If it costs X and increases to Y then Y is the new value.

eg month 1 rent $1600, late fee $160, month 2 they pay $1600, but PM deducts $160 from the unpaid late fee and then adds another late fee of 10% (and presumably of the rent plus late fee so it increases each month)?