Here’s some advice to help you get started on the right foot in the Austin market:Understand the Market: Austin is a dynamic and competitive market with a mix of tech-driven professionals, students, and long-term residents.

I specialize in BTR duplexes in Indianapolis, and I’ve found that local connections are invaluable when assessing markets, especially for long-term strategies.Learn from Real Deals: As you move forward, it’s helpful to analyze real deals, even if you’re not ready to buy yet.

And do you understand the long tail risk of a self build? 

I would wager that if you haven't sat down and done a tax plan before, spending a few hundred dollars with a tax pro could save you tens of thousands in the long run. 

We are closing on our first STR this week!

Are they paying below market rent because the landlord hasn't increased rent over the years (eg long term tenants with no increase) or were they rented that way (ie low rent either to fill or because landlord didn't know what market rent was)?

-Commercial vacancies remain hard to fill-We are on pace to do the least number of transactions this year since I started REI in 2017.Not trying to be negative, just being honest and realistic.

Ultimately I think it is very area dependent but I personally prefer to use the funds that you would use towards arbitrage in buying a property that you own so that you can start building long term wealth.

You should verify this with official HUD documentation or through a HUD-approved lender.Term Until 2051:The mention of the loan term extending to 2051 or until the property is sold or refinanced suggests these could be loans with a long-term structure or special conditions.

As long as the source of water is removed, the mold will not return. 3.