Get the easy stuff first - rent roll and lease end dates, any bills the landlord pays - common area maintenance, maybe water, sewer, taxes, and insurance.

Purchase price: $242,500 Cash invested: $49,000 This is an older house, built well on concrete block, that is next door to multi-million dollar houses on the water.

I do think the MTR/STR mix makes the most sense for Austin - MTR most of the year but switch to STR to maximize during the hottest travel months (spring for SXSW, fall for ACL/Formula One/UT Football)

The main issue with rental basement is water if it has water issue usually it is a simple fix .Clean gutters ,discharge gutter  water away 10" away from foundation, make sure you foundation soil is slopped away from it .If you need to buy soil get a clay mix .Cut back any tree too close to the foundation look at the drip line that's how far the limbs are out from the tree .If all that is done still has water buy a sump pump  carry the water to day light away from foundation 10" to 15" .

Water heater 12 years to replacement (may need some service before replacement).Recognize many cap ex items are years away.  

Water services.

Looking forward to next investment in early Spring 2025. 

Las night, she sent a text (along with a video) showing that the hot water doesn't come on from the kitchen faucet.

Hello Community--As we roll towards the end of 2024, I would love your insight on the coming Spring market. 

It's probably a vent pipe for a furnace, water heater, or something similar.