Be sure to find comparable areas, asset class, vintage, and sizeGood LuckGino

Avoid putting in cheap items and put in more durable - tile vs carpet, mini blinds vs faux wood, lights instead of ceiling fans.

sounds like a typical fixer upper .. and very typical for that vintage home. nothing shocking here.

And we've been doing another STR with a little vintage trailer that's been killing it for 5 years!

It would be 2 stories but the roof pitch has been one reason why I might just build another cabin or sometype of faux treehouse. 

Right now, newer vintages, larger mix of 2 beds, washer dryer hookups, townhome style, median income in excess of 50,000.

As people started chasing yield, these prices rose too high in comparison to better vintage assets.It comes down to price, and your pro forma reflecting lower rents for these units.

It's not for me, but I can understand why some investors love it.Investors have been over paying for deals for years in Austin, especially the older vintages.

I'ma was getting burned out, and I started hating real estate.Here's the deal:67 Units, $12.2 million, 2019 vintage, mix of SFH & Duplexes.We bought this deal from the same seller who sold us a 62 unit last month.

You need to incorporate the type of vintage you want to buy, your ideal value-add strategy, the market and submarket, how you want to buy, etc.