Was able to purchase and clean up, but probably would have avoided the property entirely to avoid the headache and extra expenses.

This was an Oct 15th acquisition and took about 2 months to clean out and repair/rehab. 

It’s quick, clean, and you can reinvest that cash into another deal.

Buy a house that needs cosmetic work, kitchen, bath, flooring, paint, lights etc and fix it up yourself while living in it for a year.

I stopped at the "right" part.You need to start interviewing PMs in Austin, getting a feel for prices to renovate(hvac, water heater, floors for material + labor, etc.).

With foundation issues, one could have plumbing, drywall, flooring and even roof issues and alot more.

Clean title no ejido. 

The only people that are going to tell you you're going to clean up are PMs and RE agents.

It is set up like a duplex as there are 2br/1 bath on each floor.

The GFC unfortunately hit all of us lenders pretty hard and I had a concentration in Jackson and ATL and Memphis so I had to move to Jackson for a year to clean up my portfolio I thought I was going to be there for maybe a few weeks but that turned out to be a year and I got very fortunate I was able to rent the developers house at Reunion .