Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Think MTR will continue to be the best niche for Austin this year and likely beyond

This would involve an agreement with your partners and a formal transfer of ownership, typically through an updated operating agreement.2.

This loss will be carried forward. 

This means you need boots on the ground.

Is this true in your experience?

Trying to cough up similar amount +new adjusted inflated price is very tough. 

Are you thinking this new cycle of higher rates is at its peak and we are going to head back to the 3%-4% range?

I'm trying to do some renovations on a property to get it ready for an STR.   

It's a declining biz model.....the city is trying to crack down on them, and insurance co.s are pushing back on the testing charges (which is where the profit is).