-Depending on your gain above, you could get a partial 121 exclusion and a 1031 on the townhouse.

There are two items that you need to completely solve this problem for your rehabs: properly built Design Boards and a Finish Schedule.

I asked him a lot of questions about the business and as soon as I got home I was doing research and joining RE forums focused on multi family.

It could be a good choice if you prefer more personal space or want flexibility with different rental terms (like longer stays for remote workers).In general, duplexes are more limited in Austin and can appreciate well, while single-family homes give you future flexibility and a wider tenant pool.

On a more enterprise scale, I employ RevMax software as well as a fractional revenue manager who looks at the prices daily on a market level and a comp set level. 

I carry the standard home owner insurance and a separate $1M liability policy. 

It was a 1962, ranch-style house with blocked galvanized pipes and a busted water heater!

I've seen some as low as 6k and as much as 14k annually.

Quote from @Dan Huang: @Tyler Sweet I am a firm believer in the disruptive value of blockchain technology and decentralization, and a crypto-friendly realtor in Las Vegas. 

I have a house that’s a long term rental upstairs and a medium term downstairs.