Purchase price: $390,000 Cash invested: $150,000 Rezoned to allow for ADU and am currently finalizing plans to add a second story and redevelop the 3-car detached garage into an medium term rental with an ADU above the garage.

You can advertise it yourself and see if youre able to get any potential tenants and once you do I'd advise for you to hire an attorney to draw up a lease agreement including your NNN terms. 

This also leads owners to ASSUME simpler is better when it comes to management contracts.

Also, read the contract very well before you sign because most PMs will lock you in a long-term contract.If this is your first investment, I will recommend you manage it yourself so you learn one or two things about landlording/property management.Goodluck man!

I've got 4 properties under contract with the same seller. 

A colleague listed this and I had it toured and contracted on the same day.

A short back story is a long term friend and co worker and I have been talking for a year about getting in to rentals (his parents own 12).

Just under the 1% rule at close, but we plan to convert 2 units into furnished mid-term rentals at premium rates.

Not sure if he goes to Austin or not, but I have used Jack Matson - Jax Aerial Photography - for our mid term rental in Temple.

They are long term rentals, not short term.