In fact, the median sales price of a single-family home in the Austin metro is ~53% higher than it was at the start of 2020.

If there is any other suggestions to help me get started please let me know because I want to pursue this wealth building strategy.

Before you start asking any questions you need to get an idea of what you qualify for in terms of financing.

Once you do that, then you start to figure out the best path.

It worked for me in the past getting started 2016-2018 but I have not seen any deals (at least in FL) I would take the risk in terms of money and time.Best of luck!

I am very new to this whole real estate world, and would not even know where to start when it comes to this type of financing.

When I first started my real estate journey in 2018 and started listening to BiggerPockets Real Estate podcasts, I was only familiar with Cash on Cash return.Once I actually entered the game in 2020, I quickly realized that there were many more calculations to take into consideration:ROI - Return on InvestmentROE - Return on EquityIRR - Internal Rate of ReturnEM - Equity MultipleCap Rate - Capitalization RateCoC - Cash on Cash ReturnAAR - Average Annual Return(I’m sure I'm missing some)I still struggle to juggle all of these calculations today.Developers, syndicators, flippers, etc., will all have different preferences.Which key calculations do you prioritize on when analyzing your deals?

So I started these last 2 flips and finished the renovations within 45 days. 

I'll start by outlining what a cost seg is.

From the beginning it was cash flowing more than it is now but because insurance & HOA went up I started breaking even for almost a year.