These markets feature turnkey properties, such as new builds or fully rehabbed homes that are tenant-ready, with systems that still have about 10 years of life remaining and property management teams already in place.

You should have been the one who hired the building inspector.

Whether you're curious about cost-effective renovations, navigating building codes, or optimizing a property's layout, feel free to reach out.

Since you're 6-12 months away from buying, use this time to build investor relationships, master deal analysis, and secure financing.

A cost segregation study was performed on this apartment building in Knoxville, TN with a depreciable cost basis of $17,323,250.

Partnering with investors, attending local meetups, and building a strong network would be key steps.

I will say though if this is your only option and you're confident in finding a deal below market value, then it might be worth it.  

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

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

Also, without even looking at the plans a 7 unit building will likely have flawed floor plans and/ or an inefficient layout unless its an irregular site.