The main thing you want to do is an adequate level of due diligence to so you could have an Innocent Landowners defense if any environmental contamination was to show up in the future.

Would I use the high-level rule of 50% of gross income for expenses and see if mortgage will cover the rest?  

It has 3 levels of coverage.

We were discussing rehabbing our first level and decided to get a line of credit in order to pay for the rehab.

Hey BP friends, I've been watching Austin's real estate for a while now and decided to dig into it deeper in NW corner of Austin and Round Rock/Cedar Park area.

4) What level of rents do comps command and do you understand the specific level of improvement required to get those rents.Good luck!

Hi Zak,I have lot's of CA clients.Different investments require different levels of purchase price for quality.One of my clients sold a tech company that is in CA a few years back.

My only thinking is family/friends at that level maybe coworkers?.

I would not use Zillow and Trulia as a main resource - but rather dig deeper as they are third party websites and despite being owned both by Zillow, Zillow can still be very OFF on valuations.2.

The temperature should be adjusted to a safe level.