Inventory in Austin is now down to 2 months (balanced market is 6.5 months).Steve Crorey, 2018 ABoR president, said, “Our current market imbalance in Austin is made worse by an antiquated land development code that places unnecessary constraints on building the number and variety of homes our community needs. 

Ideally, the solution will also be something economical    What would you do if you were in my shoes?   

Here are the 2 replies I received back from the community development director:The records I reviewed showed it as an existing duplex.

They're ideal tenants, worked with me on some maintenance issues, paid on time, good credit score, quiet, everything.

I had posted this in the new member introductions forum but I wasn't sure where it should go so I'm posing here in the starting out forum as well.I've had this idea in my head for a couple years now about buying property and then renting all or part of it out in order to develop an alternative income stream and I just found out about the bigger pockets community a couple of months ago.

Lots of people expect the Obama Library and other developments to push value in this area of town.About the deal, based on my analysis I see 6-units having about $3500 in water expenses annually.

I don't foresee myself buying a home in the immediate future, seeing as I'm currently broke and just graduated, but ideally I see myself buying and renting out multifamily properties. 

It was a development project of townhomes.

He also said, for that reason, they stopped buying properties in 2012 and pivoted to developing apartments from the ground up.Arguably, they missed a lot of upside with that rule.

As far as some tips to keep in mind though, I would say to develop a great understanding of the area you are looking at investing in.