You can also consider STRing the entire home, increasing the amount of guests allowed will increase your ADR and potentially your occupancy rate. 

DIY Basement BuildoutFinishing the basement for around $25K could improve your STR competitiveness and increase rental rates.

I would also want to know if there is a demand for rentals in the area, what the vacancy rate is and average rental cost. 

They even gave $5k towards closing costs AND paid the points to lower my interest rate to 6% for 30 years.

I agree that cap rate would yield a lower price than even $450K. 

Banks are less willing to budge on pre payment penalties knowing rates will likely ease and don’t want to lose loans recently originated to better terms.

There is a lot here that he needs go over, such as are you cashing out, looking to lock rate, is there pre pay, do you want community or agency?

This is especially in a high rate/high price environment. 

Agents may also have macro data on historical data, local median sale prices, absorption rate, etc to help with your analyses and projections.Networking/build a team: Attend local meetups, virtual meetups and stay active on forums like this.A lot of this will be done in front of a PC unfortunately but if you cut out the noise, you'll be able to maximize your time.Lastly, something that has helped me tremendously with respect to focus and improving efficiency is the pommodor technique. 

There has been a flight to the more quality areas of Austin.I agree on us having hit the bottom, time will tell but I think we'll see demand increase and rates decrease over the next few months Yeah - I was more talking about outlook for 2025+, I think the correction has likely completed (just opinion)