However, there are other loans designed for fixer uppers referred to us hard money loans, bridge loans, or fix and flip loans but whatever you want to call them they're essentially short term, interest only loans with no prepayment penalties designed to finance a higher % of your purchase price and typically all of your renovations not to exceed a certain % of the ARV (typically 75% max). 

Honestly if you are doing STR I would suggest doing Austin itself rather than all the way out there in Kyle - maybe a couple of years ago when the prices were through the roof in Austin city itself this would be a good alternative but there is a blip right now where you can get a god entry point in Austin (downtown/east ideally) for STR

Roof lines, window styles, and masonry/siding all play into this natural flow, and the biggest mistake you can make when designing your flips is not following the flow that is already present!

The OKC market is truly exceptional, and Tennessee offers incredible opportunities as well, so you’re starting from a fantastic position.Wishing you the best of luck on this exciting new venture! 

I do intend to stay close to home - but home provides only annual opportunities and I’m looking for year round possibilities with tax deed properties. 

Hi all, Wondering if anyone has a similar experience and how you may have handled it. 

I've house hacked all throughout North Jersey. 

Being based in Austin, you’re in one of the most dynamic markets out there, which gives you a fantastic foundation to build on!

@Charles Perkins is absolutely correct about "collecting all receipts, properly tracking all income and expenses and your basis for all assets properly documented and recorded."

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.