Our plan would be to incrementally raise rates and offer training.

Again -Scott thanks for the rapid response and the great platform here at BiggerPockets!

While Austin can be tough to break into I really like it, short vacancies, great quality tenants and rapid appreciation!

Although prices keep rising, still relatively affordable, lots of opportunity for purchasing cash flowing rentals, lots of older neighborhoods with rapid growth, & everything between Austin and San Antonio booming. 

When I was living in LA I had my eye on San Pedro as a real up-and-coming area that's undergone a rapid transformation in the last few years; if I'd bought for an investment in LA, that's probably where I would've gone.  

It had been sitting for 80 days on the market because the timing it went on with interest rates rapidly rising.

Prior to purchasing in 2022 when rates were rapidly rising, I did underwrite this deal at upwards of $100k in costs and 9% interest and it still penciled out.

This can also help increase your equity rapidly in your deals. 2) Convert Existing SF - Often time in small multi families this could be an extra storage area or office area that you.

It will take many many months to increase the rents and get you to your target DSCR of 1.07.Frankly this doesn’t seem like a deal to me, unless it’s in a rapidly appreciating area and thats your strategy.Also why this is the Real Estate Agent’s fault?

Let’s use $100,000 sales increment.