I think SA is better than Austin with that being said just due to sheer volume of opportunities.

The fact that a third meter is present is a plus as well.While I understand the zoning department is where this opportunity will ultimately thrive/die, I was hoping to connect with a contractor that has experience dealing with zoning changes and permits required in the area. 

In the matter of days NOI has jumped $12k, sounded like there was an opportunity to increase rents, now it sounds like rents have already been increased and there may not be much room for improvement. 

I know the opportunity cost is significant, there are many things we could do with that extra 1,500 over the course of 10 years (180K).

I'm looking for opportunities that I can do remotely.

Even if you had to dip into the next 25k a little bit, still great profit.HOWEVER, I'm not much of a flipper(I know, that's sacrilege around here) so what I'd be looking for is a multi-family opportunity. 

We feel we can offer a more "passive investor" a great opportunity if they chose to work with us but we don't know the best way to structure this so it is beneficial for both parties...Split cash flow? 

Many opportunities.

I agree with Mike - I think it depends on the exit strategy.It feels very tight for a flip, even using Subject-To to finance it.It might be a good rental  or seller financed opportunity.   

Hey Cole good questionOutside of having trusted contacts, you have to look on sites like citydata and check rentalPrices etcIm actually working with a few people to form a collective and share ideas and opportunities...Feel free to connect with me or send me a message if you want to discuss