I will be closing on a small office building next month which I will be repurposing.

Do not rely on it for legal advice.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Although it also depends on your projected usage and average length of stay.

you can ask people on the ground there for referrals and then meet those referrals.buying a property is a big deal. 

Planner 5DPlatform: AndroidFeatures:Supports both 2D and 3D floor plans.Allows you to scan walls and create floor plans as you walk through a property.Offers a vast library of furniture and decor items to customize your plans.Bonus: Projects can be synced and edited on Windows through their web platform3.

Purchase price: $18,750 Cash invested: $15,000 Purchased old house frame on 1/2 acre, intending to improve it and sell it.

Just on your purchase and rehab you're at 220 if nothing goes wrong. $7k on holding, $16k in commission, $5 in closing brings you to 248 if everything goes according to plan.

Hello, I am an investor in Austin, Tx and currently focusing on a coliving/padsplit model.

Congrats - are you putting zero debt on the property?