Sure there is some interest expense involved but you are getting the time value of money pretty cheap at today's sub 4% mortgages.And this scheme is trapping your hard earned after tax money into an illiquid asset. 

So, not only is it cheaper to rekey, deadbolts-only STOP tenants from locking their keys in their home since they must use their key to lock it:)We are looking into a cheap camera to also use that connects to internet for remote monitoring with motion-sensor alerts.

Considering Austin is not a cheap place for housing, would it be normal to pay over $250K+ for a BRRRR property?

We do have plans to add a 'park style' grill, picnic table, maybe a few fire rings to make for more sites, but still aiming to keep it simple and cheap.

A good EA or CPA will charge for their expertise, and it’s usually not cheap.

This is not the place to cheap out over a few hundred dollars.Lots of lenders and virtually all borrowers never read their loan documents.

Well, this is a wonderful thread.All I can really contribute with enough experience to be absolutely sure of what I say: if you live on the coasts and your spreadsheet tells you your best passive returns over the long haul are going to be in the Rust Belt in cheap rentals, then your spreadsheet needs to be looked at by someone with a lot more experience in cheap Rust Belt rentals than you have.My own take on the musings here of why everyone wants to quit their job these day and its possible connection to young people and their participation trophies, their possible work-ethic failings, moral turpitude, contemptible world outlook, lack of grit, et hoc genus omne...yeah, I know I don't know squat about all that.

Condos were built by a lot of cheap scumbags who are long gone and people are going to be left holding the bag on these.This guy is pretty good at explaining it:  Yak Motley Florida Condos;t=4s

And this architect is not cheap -we had to go to to him after paying another architect, just because the town  asked to.

We do them, but they aren't cheap and your LTV will be lower that a HELOC on a primary residence.