Go wtih what works - but intelligently.We offer a free month of rent, but to avoid desperate people, we credit 50% towards their 2nd month (to make sure they can afford 1st month rent + SD) and then credit the other 50% the 5th month.

Part of the investment thesis was getting it for a bargain, then building an ADU complex on it as affordably as possible, getting it to cash flow, and realizing value on both the rental income but also property appreciation given the work going into it.If the property will really only be worth ~$1.70M once we are finished, I will likely just stop the project now and exit the house as soon as possible.If you do not get dollar for dollar for projects such as this, how would house flipping ever work?

I'm focusing on short term rentals around Lake Cumberland and manufactured home parks here in Kentucky.The need for affordable housing and shortage of housing supply has made for a very lucrative investing opportunity.

Once you know the "basics', you can then invest OOS more successfully.If you can't afford to invest in your home area, how will you grow your knowledge of an OOS if you take a shotgun approach to where you buy?

I do not know what their price tag is, buy Kohler (Mark Kohler) and his company set up trusts and they are VERY AFFORDABLE and do great work.

I'm analyzing properties in my expensive market which has a dire need for affordable housing.

Focus on neighborhoods near employers or schools, and explore slightly outside Austin for more affordable options. 

I will probably do lots of rehab myself because of my background and then scale up as I am more able to afford qualified contractors.

Way way too often Mrs. wants to stay, but realistically can't afford to stay with one income....and it is just a downhill disaster finacially the longer they stay.   

We found a 188 unit deal in Columbia South Carolina and Ryan had actually already underwritten it but he missed the fact that the T 12 actually only had 11 months in it instead of 12 so we caught it and Multi Family Mindset’s internal underwriter really loved the deal.