For example, if you burn through property managers, that is time you are pumping into the work, and unless you value your time at $10 an hour, this is a "cost" that should also be thinking about.

Been using then for about 20 years and hold up very good.Would say Cast is still better but not worth the extra work and cost most of the time.

This will take a lot of work and money, but you should easily be able to sell EACH side for more than a half million, considering your old (I say old because they don't really make 1-1s in Austin anymore) house is worth a quarter million.Again, the info you gave is limited, so if any of my assumptions are off, feel free to disregard, but most likely you are in a good position to significantly increase your net worth.

 @Jim PietyHi Jim,Just to be clear, this property is overpriced due to the quality of the renovations, and as stated, I could not sell it by location, location, location standards- so I sold it for the quality of my work and more importantly, it's cash flow.  

I grew up in Minneapolis, so we looked there first when considering out of state (GA) investments for our niche but couldn't make the numbers work and decided to focus on suburban Detroit instead.

These older houses need work and are not worth it to us as investors.  

I'm more than willing to put in the work and have already begun to find the properties, solicit feasibility studies, run rental comps and crunch numbers but I need help with this subject!

There are no shortcuts you must learn first to play well, I personally spent in the neighborhood of $50,000 leaning what I know, that is not to say the leaning stopped there.

One was for sale at 30k needed little work and rents were 750-900 in the area.

My tenant has given notice to vacate my property in West Seattle, and I am wondering if I should consider selling.Some things to consider: * My house is old and needs work, and I can't afford it unless I can come up with some creative financing options.