A lot of the homes in certain areas (Lawrence Twp, Little Flower, Irvington, Bean Creek, Christian Park, etc.) are being listed for a premium (i.e. $60k, $70k) with plenty of work left to be done to them when resale history shows the most you'd get is maybe $80k or $85k. 

@Justin Flowers Thank you!

If they have enough pride to water the grass flowers they will still do it even i they are paying the water bill.I think paying for utilites would lower your NOI.

@Ivy Flowers - can you be more specific about area?  

And maybe not in Austin lol, that fourplex is gonna be pricey and not a great flow-er in this market.

I am busy the next month with 2 if my kids birthdays.

So I sent flowers and a condolences card and 2 weeks later he called and said he would sell it to me.

Probably was too obsessed with it.Now I just add what I am doing on the side to what my financial planner does every year, around my birthday. 

Finding The Deal:I was at a friend birthday party where I may have enjoyed one or two cocktails, too many, and was talking with a friend of a friend who mentioned that he was looking to get out of all of his 6 properties and would easily take 300k and cash out.

I come back from my birthday vacation to check out the progress of the home, sure enough they went with a completely different style of tile and did a staggered design rather than the stacked I had asked for in both bathrooms.