Purchase price: $300,000 Cash invested: $65,000 Sale price: $455,000 This house needed a full renovation to compete in the challenging Austin, TX housing market.

Hello Misael, I would do a thorough market research to verify that you can get the rent increase you want, you might find out that the market is oversaturated with rentals.If you are trying to raise the rent $100/mo, 1 month of vacancy ruins your rent increase for the whole year.I would list the property for lease 45 days before your tenant's lease expires, if you have your property priced right you should get some applicants before your lady moves out.

I have never used Mynd but Pete Nubig that runs the Houston Market is top notch.  

Or, better said, FAIR market rents.

Is there power to the lot, is there public water or will you need to drill a well, if there is public water/sewer do you need to pay the tap fees, etc.

IMHO it's a mistake to plan on a very specific market and tenant profile.

I have sold one in 40 days and others are on the market. 

Hi community,I'm developing marketing (primarily to immerse myself in planning and get me thinking about things) and would like to hear about your experience with this house hacking.For my marketing plan overview:Marketing Goals:1.

I've lived here my whole life and know the area and market very well.

I am an agent so it was simple to negotiate after being on the market for a while.