The dated finishes are a fact, the house is clean and everything functions perfectly, but I understand that my customer isn't going to be a fancy seeker looking for high end finishes, I am thinking my customer is a budget conscious group or family who is ok with lots of room and clean basic accomodation.As far as the condo that sleeps 8 for 140 a night, could I get a link?

It would be important to find a neighborhood that fits your lifestyle and needs to see if renting is viable for you. 

Do you need any kind of lifestyle change(s)? 

The reason I am asking this question is, I am in a similar situation and in the verge of making a conscious decision.

Google Rich Club Houston, Houston REIA, Lifestyles Unlimited, Right Path Realty.

The neighboring units set the market ceiling in my market and they are more than happy to sit on their price, so I wind up stealing their tenants by being just below.I would suggest deciding up front on renovating or not, 100 year old structures do not support todays lifestyles unless they have been updated, so you will pigeon hole yourself to the lower renter.

Since that time we have been selling off our SFRs in favor of multi family investing.I would encourage you to check out Lifestyles Unlimited we have been members since 2011 and I know of no better place to get around successful like minded people.  

Hi all,Been on the house hunt this year for my first property, a duplex in Austin for a house hack.Obviously it is very difficult to find a cash flowing rental in Austin proper; but, we're not really interested in moving out too far from the center of town, for lifestyle reasons.Looking at one potential property, and it looks like, factoring in net rent from one half  of the duplex, property would 'cash flow'  -$2000/mo (FHA loan, 3.5% down). 

That's the first thing we checked before buying, and in our case we're probably closer to retirement than you may be and this is an area and lifestyle we are leaning towards when that starts - now though we'll be investors in retirement from our W-2 jobs.

I am trying to make needed renovations but also want to be conscious of renovation costs.