It is easy to underestimate your rehab budget.

Unfortunatley there is no easy solution, this basement is just past its useful life.The only real solution here is to suspend the house on steel beams and then remove the basement from underneeth.

I dont think the terms allow me to post a link but here are some basics.Has been occupied avg of 17 days per month since Sept.managed by a top tier company and has 4.8 star avg reviews.Also would be a good family home (large private lot, fenced yard, hot tub).It has the benefit of being near Austin downtown, but NOT in Austin city limits (9 miles to city center), so lower taxes and no STR rules (default to Travis County rules).I have read the forum posts for similar situations, however every market is different. 

I experience this pretty regularly with airport owned hangars, so the rules may be different on a ground lease, but airports tend to be touchy about what's in a hangar and have very clear cut rules about using hangars for airplanes. 

Dallas has recently implemented pretty strict rules. 

Condos have HOAs which can be good for landlords because the keep the outside of the building, landscaping, and rules to keep tenants from making their own "yard art". 

Basically covers what most of us already know about these major metro areas.https://www.dwell.com/article/rules-for-short-term-rentals-a...Worth a read to see how those regs came about.

A plumber will usually charge for 1 hour as this is an easy job.

Thanks again for all the help.You didn't indicate your reasoning for OOS investing, below are the reasons why and where most investors target.CF, almost no Appreciation, meet the 1% rule - Mid-western statesNone to minimal CF, mid to high appreciation - TX, FL, TN, CO, IDHope this helps..

Changing architect and contractors in the middle of a project are not easy and not advisable.