For loan balances under $200k, you are better off going DSCR with a 5 year prepayment penalty and paying 2 total points on the loan (1 point is 1% of the loan size).

Create a weighted criteria chart, visit top markets, engage with local experts, and use resources for market analysis.

Finding a viable deal requires flexibility in location, property size, and type.

The Austin metro market is approaching that territory.Here are the full stats for Austin and the greater metro:Here’s a chart showing the median sales price of a single-family home in the City of Austin this year through October:The median sales price for a single-family home in October 2024 was up roughly 5.5% from the beginning of the year.

I’m not sure the size of your garage but I would consider adding a second level above the garage and keeping your garage space.

Little bit of framing and some drywall work to make a closet in a room if it has the size to do it. 

For context the comps are roughly the same sqft, 200sqft give or take, same beds/bath, same lot size, same year built.To help, here are my numbers.

Size it appropriately so that f you lose you’ll live to fight another day.  

In my family-size house, we have a drip coffee maker and a Keurig.

What size lot or available back yard space do you look for?