If your goal is cash flow, then your best bet may be to live in it for 2 years, and then take that tax free gain (250k single person, 500k married) and buy elsewhere. 

@Toby Khan I’m not positive honestly, best bet would be to reach out to them.

If your goal is less required documentation, DSCR is likely your best bet as most everyone as mentioned, possibly a bank statement program depending on your job structure. 

I can bet if inflation runs then Boston prices skyrocket, but I doubt Austin does.

I'd suggest making sure to get a good GC/construction company for repairs.

We came to an arrangement where any sale price over $1 million, minus construction costs, would result in a profit-sharing opportunity.I’m currently trying to determine the After Repair Value (ARV) for the property but am having difficulty finding reliable comparables.

They can serve the initial notice to vacate but the actual court filing needs to come from you as the owner or through an attorney.Given you're out of state, working with a local eviction attorney is definitely your best bet here.

I'd like to clarify my assumptions (numbered below), and I would be interested in (constructive) feedback, especially from, the OP.1.

Maybe for a newer construction is not but older homes (<1970), it is real.

If you are looking in the area where you live, stop by areas under construction and you can ask.