I'm going to need a few more details.

First post on here.

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

Sounds like you have a lot to contribute here!

Work with a CPA to optimize your tax returns to reflect sufficient income for future loan approvals.

Quote from @Carl Rowles: When you insure a SFH rental property, do you try to adjust and of the coverage amounts?

Would real estate prices in certain regions rise rapidly due to demand from both local and international buyers? 

They are unable to visit the units prior to signing a lease.

However I wanted to get people's opinions here for discussion. 

Kyle, south of Austin, ranked No. 2 with a 9% increase to 62,548 people, up from its third-spot ranking last year, while Leander, northwest of Austin, saw a 7.6% boost in population to 80,067 people, according to the data.In the new data set, Austin's population is pegged at 979,882 in 2023 — up 0.5% from the year prior — dropping it from the 10th to the 11th most populous city in the country behind Jacksonville, Florida, which has an estimated population of 985,843.Still, the Austin metro isn't stagnating.