If you can bump that up to two years, vacancy halves all the way down to 7.7% (2 divided by 26).

Prices have gone up a lot here, and so buying to rent is becoming non-viable.

Lining up your commercial lending.I suggest, focus first on small commercial multifamily: 10 ~30 units.

A Heloc is a open end mortgage like a credit card so its an additional trade line on credit, cannto never be used as an Asset, PITI reserve, and its a DTI killer in most cases.A heloc is also usually set up on a shorter term versus a mortgage, carries a Higher interest rate, and most carry a interest only with a prepayment penalty.

So I was going to start title search first, then if it comes back clear I'll give them about $10k cash for them to move out and catch up on bills, then fix the place up really quick and turn around and sell it on the MLS.

it is very difficult - much more difficult than advertised, and more difficult now than it was a few years ago because of the increase in interest rates and the heightened competition for distressed deals.the issue is this: you're up against other investors and businesses spending tens and sometimes even hundreds of thousands of dollars a month on marketing. 

Did you ever follow up with the buyer to see what they ended doing here?

Finding off market properties at a discount, fixing them up to add value/equity to them and then flipping them via 1031 and move to the next one.

Welcome to BP from right up the road in Austin!

5 star reviews are the best, changing up photos etc all can boost your visibility.Update the amenities with new stuff.