This means having to take a chance and take the property off the market for 2 weeksOption 2- Accept the offer with a provision that allows you to continue to market the property, knowing that there's a chance FHA may not fund the deal. 

My last deal was my first off market deal and when I contacted the sellers wife about the deposits she said that that was a given as part of a multi family sale and they’d write me a check at the closing as I requested because money was tight and I didn’t want a credit where I’d have to come up with the funds out of pocket later.

Studying the local market makes a lot of sense.

I'd level up with a BRRRR, live-in flip, or house-hack before jumping into a challenging renovation.

As you're just starting out in Austin, focus on learning the local market, particularly areas with good rental demand and lower entry prices.

Hi Delroy,Congrats on your first house hack—what a great start!

So, the actual increase to market rent will be much lower.

There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.

So simple.Email & Marketing: How are you handling outreach, automation, and social media?

In my area these are rare so they are difficult to set market rent, and I imagine get a lot of wear and tear with a lot of occupants living there.