but with minimum wages increasing and cost of production increasing, there will be a point where machines will cost less than human, and when that point hits... then yeah all the low income class jobs are going to get replaced by machines. 

Or a savy investor might see an opportunity to increase rents or reduce expense to increase the NOI. 

Both of my buildings didn't "seem" to have foundation issues, but 100 years of ever increasing weight (we have a lot more stuff now) can affect the support.

Also get "gazelle intense" and pay off the credit card debt, which associated increase in FICO will result in lower interest rates and better monthly payments on your future acquisitions. 7.

That should reduce your vacancies and increase your rate of return.

Self-managing will also increase your profit. 

With prices steadily increasing due to the high demand of homes in Austin proper it is very hard to cash flow.

It can seem a bit complicated at first, but once you have experts working for you they take care of all the complex parts.Bonus depreciation had some great changes, namely the increase to 100% and that used property now qualifies!

They are looking to close quickly. does anybody have any tips to increase my chances of success on purchasing this house? 

CA isn't exactly the most relaxed construction / demolition atmosphere.Consider the cost to fix vs. the increased value you will have with an operating pool.