AVG CREDIT SCORE WAS 665 AND AVG GROSS HOUSE HOLD INCOME WAS $4,931.

I am attempting to return to a “House Hack” via RBTR in my owner occupied 2/2.5 condominium in North Austin.

9 newer condominiums purchased for cash at 40% below appraised value.   

pid=1579Houston Real Estate Highlights in November Single-family home sales fell 2.0 percent year-over-year, with 6,159 units sold;On a year-to-date basis, home sales are up 4.6 percent and on track for breaking 2017’s record performance when December data are compiled;Days on Market (DOM) for single-family homes was 60 versus 62 a year earlier;Total property sales were statistically flat, with 7,400 units sold;Total dollar volume rose 3.9 percent to $2.1 billion;The single-family home median price climbed 4.4 percent to $235,000, a November high;The single-family home average price also achieved a November record, rising 4.3 percent to $295,084;Single-family homes months of inventory reached a 3.9-months supply, up from 3.6 months last November, but below the national supply of 4.3 months reported by NAR;Townhome/condominium sales dropped 2.8 percent, with the average price up 9.0 percent to $213,043 and the median price up 4.5 percent to $165,000;Leases of single-family homes jumped 15.3 percent with the average rent down 1.3 percent to $1,743;Volume of townhome/condominium leases rose 0.6 percent with the average rent up 0.5 percent to $1,505.

Did you know around 70% of US households have a pet?

Tareq,Keep this in mind:Housing And The Great Recession end of page 3 and beginning of page 4 "Although housing prices have fallen and prices in general declined during the recession, figure 6 shows that rents held steady and continued to increase, as more house-holds turned to renting.

They did some research before they gave me that direction and advised me to talk to various real estate professionals, which I did.Now I’ve begun that process and the city has discovered that the way to go on this is actually something called a Revocation of Condominium Plan, or Dissolution of Condominium Plan.

If they’re getting the price they’re asking for, that’s good.Low unemploymentPer capita and median household income risingGdp growthAny thoughts on which of these is more important and if any are ignorable?

I specialize in condominiums in my area and at this point I've looked over so many disclosures and financials, I can tell pretty quickly based on the number of units and cost of cap expenditures about how likely they are to have an assessment in the near future and for what (roof, elevators, etc.) even if it's not on the agenda.

Also they didn't build almost any in the Last 7-8 years, so around 150-200k behind. this is the same in every major cities. but if you are willing to do Reno, there are still some gems to be found. banks require 10% from first time buyers and 20% from others. onlu allowed to lend up to 3.5 times the total household income. 30% required from investors. government is hoping for the landlords to sort out the housing problems, but at the same time won't allow us to make any profits on it and create too tenant friendly legislations.Thanks for your replies guys.