Probably too small of a sample set here on BP, ask your lawyer or CPA to review

I asked another agent to look into the neighborhood convenance as well to see if they would be an issue with replating. 

As others have said, you need to check the regs in the area you are looking to make sure STRs aren't severely restricted.

You also have to consider the down time of not renting while you renovate and likely having to fly in several times to check on work, meed contractors, pick up supplies.

The property is a duplex, and he plans to give all the proceeds from the sell to his daughter.

This is under the assumption that these closing companies would like to get these done by the EOY for their annual numbers.

@Orlundo Hubbard welcome to Austin!

Interesting in hearing feedback and pricing comparables to an off market potential deal where I have met the owner who is willing to sell his 3 units building (SFH with 2/2 and behind it an ADU with 2 other 1bed units and 2 car garage).

You only get paid enough to continue.3) You don't need a dozen self-help books, all you need is action and self-discipline.4) YouTube University, podcasts, and the internet will only take you so far. 5) Book smarts make interesting conversation, street smarts make money.6) Find someone who is successful doing what you want to be doing and ask questions.

Conventional financing with bank How did you add value to the deal?