I am about to purchase a property for short term rental purposes.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

Austin has become a pricier market, so seeing BRRRR-ready properties in the $250K+ range is expected here.

Given that you've had 483 clicks with no applications, it might be worth tweaking a few things before dropping the rent.I had a client who also had a property in Fayetteville and who faced a similar issue.

Learn property management, analyze rental demand, find high-quality tenants, and budget for renovations and repairs.

i didn't even know auctions gave opportunities to actually have access to properties beforehand.Given your line of work, i would say that you are uniquely positioned to work well in the outlined situation.

In general I'm saving for repairs to the property, but we all know that this covers a wide spectrum.

Property Taxes on a past project in Decatur GA went from $1500 a year to $8,000.

Why do you want this property over another brownstone that would be for sale?

You may choose to invest in real estate directly by acquiring a property, or passively by investing through a syndication (or by being a lender to someone else.  2) pencil out the numbers to see if the math is in your favor for a Roth Conversion and real estate investment with a SDIRA.