Capital is abundantly directed toward Austin—so much so that some locals wonder about the underwriting assumptions of outside investors.

Maintenance- $75/monthIf my assumptions are anywhere near accurate, your true monthly expenses would be $1,552/month.

So there's not much upside to transferring the LLC in most cases except if it's done for some specific purpose related to assumption of financing, or if you're willing to do a buyout over 6 years in order to avoid the transfer tax.See for example:https://www.jdsupra.com/legalnews/the-party-s-over-changes-to-the-21677/http://www.kleinbard.com/2017-real-estate-transfer-tax-changes-in-philadelphia-2/

Can I not make that assumption?

Big assumption but only you know that.150,000 minus 75,000 minus Holding costs (including all interest, utilities, taxes, permits, etc etc etc) minus transaction costs (buyers premium at auction, commissions, closing costs) minus your desired profit EQUALS what you can bid to make it a good deal.

For years I was under the assumption it was not allowed, a lender just did a class & spoke on this.

@Ling Yu Did you add your selling expenses in the future assumptions. 8 or 9%, It deducts it from my analysis

Is your assumption of $3,000 in rent accurate?

Never once had a substantial question on the entities or structure in the process though.Next project for us includes a loan assumption... new territory.

I was thinking of starting off with property management since, I feel like, they'd have less of an incentive to sell me on a specific area compared to a realtor, but just an assumption.