It is priced fair and is updated well.

@Asher CarrA couple days and no replies yet so you get me...a fairly new newby :)I’ve given it a chance for the big hitters to weigh in but here’s my thoughts regardless.A significant nonrefundable down payment separates a “renter only” from a tenant buyer...the decision is easy if you know which one you’re after.

I’ve read enough posts and blogs to feel fairly familiar with acquiring a loan, and feel confident in managing the property.

Currently have a fairly solid job but probably only a 50% chance I'll want to stay in Austin more than 2-3 years.Renting currently at ~1k a month. 

@Carriage Bliss I don't see any cause for a Fair Housing claim. 

Typically I have seen an exit strategy as a sale at the end of a hold period between 5-10 years, but I am interested in holding for very long terms so am trying to figure out how I can buy out the LP's who invest upfront while providing them a fair rate of return on their investment with me. 

Further, we always assure our fee structure is more than fair, transparent, and we're all in alignment.

3) for depreciation purpose, I need the original "structure" cost which I have in my first assessment from county.4) I understand that if I sell in the future, I need the "fair market value at time of conversion" number. 

I'd love to talk to you about your approach - my family has been doing this stuff for years and I'm starting to get involved, but there are some questions I have that I feel like would be good to hear from someone else about so I get outside my bubble.Examples of what we do:* a few billboards* a fair number of STNL restaurants* a few shopping plazas (aka strip malls with 3-4 tenants)If you have experience with this type of stuff I would love to talk more!

I'd love to talk to you about your approach - my family has been doing this stuff for years and I'm starting to get involved, but there are some questions I have that I feel like would be good to hear from someone else about so I get outside my bubble.Examples of what we do:* a few billboards* a fair number of STNL restaurants* a few shopping plazas (aka strip malls with 3-4 tenants)If you have experience with this type of stuff I would love to talk more!