We went to go see a house that is below market value however, the house needs quite some work. 

If you're planning to invest in another market/out of state, you want to really understand the market.

If I were you I would check the Days on market, and check the Trend for pricing Month over Month for sales and listings in the area. 

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.

Do the current rents that landlord is charging align with the market rent rates in that are in that area?

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.

My initial leases would certainly be 11.5 months or less with this new law.

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.

During this process, we discovered that there is an industry that resells positions in syndications on the secondary market.

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