Hi all,Been on the house hunt this year for my first property, a duplex in Austin for a house hack.Obviously it is very difficult to find a cash flowing rental in Austin proper; but, we're not really interested in moving out too far from the center of town, for lifestyle reasons.Looking at one potential property, and it looks like, factoring in net rent from one half  of the duplex, property would 'cash flow'  -$2000/mo (FHA loan, 3.5% down). 

Most people on BP have forgotten about that investing is about finding a good balance between all three sources of wealth, not just the cash flow one trick pony.

Did a balance transfer and finished the job.

I looked today to see my balance and wow did I get a shock!

That's a difficult question to answer without understanding your current financial situation and risk tolerance.

Some areas are very difficult to work in because of the rent control policies.  

I would go so far to say, if you read a few books and you stay after it and don't drop the ball, it's actually almost difficult to screw it up in a major way.

The client is likely an "illegal immigrant" (I don't have a problem with them), but it's may make things more difficult in attempting to collect.

You'll likely only need to submit an income statement and a balance sheet.

However it is very difficult and there are so many aspects to that.