This may interest you. http://roanoke.craigslist.org/apa/5818336805.html

Almost three weeks later, the deal fell through as there were numerous damages to the property and code violations etc. and it would have cost me a fortune to fix it.Now I'm stuck with no property and a big capital gains tax bill to pay.

Hi guys,I've researched the internet up and down several times looking for a lockbox that I can change the code remotely and had come null. 

More specifically, code section 16-18-070 seems to indicate that it may be possible to get this fee waived if the area meets the goals in the City Space Plan.There are many, many pages of reading material online about the plan, but we are trying to figure out how to tell if the goals for our area are being met.Property is pretty squarely between the actual parks of Wicker Park and Humboldt Park and close to the 606, so this may not be one of the areas of the city requiring additional green space.Basically, if there is a viable way (by meeting current criteria of the City Space Plan) we’d like to not pay the fee if we can supply the correct information.It is very challenging to decipher this and we get one shot at getting the fee waived.If it matters, we are taking an existing 2 flat and turning it into a 3 flat – allowed by area zoning and there are no changes to the footprint of the existing building.We still have more research to do but we couldn’t even find specific information on the progress of the plan’s goals and what areas meet the Open Space Requirements now.16-18-070 Individualized Assessment Of Impact.

Also, you need to consider the city of Austin short term rental code compliance if you are doing it regularly.

What square footage do you want; any tenants that you will or will not accept; what lease terms will you accept; do you require credit tenants and corporate guarantees; what is your going-in, hold period and terminal cap rate target; what are your target demographics (HH $, Crime, MSA, zip code); debt/equity/reserve structure?  

And since it's not a firm amount for a set number of payments, it won't be coded like a mortgage, but often it's coded like a credit card. 

That's what I also came to the conclusion too after reading through further IRS code.

all my properties are in the 61104 area code 

It is very important that you calculate right metrics in the right way..else you can get stuck with a wrong deal....Zip code is a too large of an area from RE perspective.