I agree with this approach!

Thus, they are appraised as such - valued based off the sales comp approach - i.e how much have other similar single family homes sold for?

Figure rates are significantly higher doing this instead of the more straight forward approach.  

Two, (not mutually exclusive) approach’s.  

Starting with multi-family rentals and house flipping is a smart approach, and taking the time to learn is a wise move to avoid costly pitfalls.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

The November 2024 report from the Austin Board of REALTORS® shows stable housing prices in the Austin metro as we approach end of year.

Under this scam, a homeowner facing foreclosure is approached by someone who promises to help save the person’s home.

Please assist me in exploring this approach. 

My approach is when there is that much unreliable information, I either call it a day and walk since I have no idea what comes next or I negotiate to a super deal so that whatever I haven't been told can be taken care of.