It has positive cash flow of $150/month.

Of course we'll have to go through municipality zoning processes, but that's the nature of what we do. 

@Hansel Barretono, you buy the 4 plex with a low money down loan, and live in 1 unitisn't supposed to cash flow, just offsets your mortgage with the rentsbut of course you can even rent out the rooms in your unit and sleep in the basement or on a couch or whatever

But, too often, investors confuse the politics that they like, with the politics that actually increase housing prices, rents, and long-term cash flow.

This scales faster in the short-run but you'll quickly run out of capital and be stuck saving cash flow (and other income) to buy the next rental.I hope that helps.

Off market through a realtor/investorHow did you finance this deal?

I have gone through 5 Pm companies now in the area and finally happy with who I have!

Just keep in mind that portfolio lenders will want to see the overall cash flow and occupancy rates across the whole portfolio.Get ready with a detailed financial analysis.

I thought about writing letters and posting through the letter box of the nicer small multi family i see, but i understand the owner likely doesn't live there.

So, while prices currently remain similar to last year, we are seeing softer buyer demand and increased inventory compared to 2023.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 August:The median sales price for a single-family home in August 2024 was up roughly 11% from the beginning of the year.