Lastly, I'd ask a couple of realtors in your area...often times they hear of "war stories" and assist sellers with minor renovations before they try to list their home.  

Housing inventory in Austin rose to 5.8 months, which is up by 1.9 months from June last year.

Lastly, the comment above that Scott made about business plans: I don't think we really considered business plans until we had a handful of houses.

If insurance is $1k should I underwrite with $3k to account for a Florida like situation where insurance in some cases has more than tripled over the last few years?

pid=2096Houston Real Estate Highlights in June, 2024:-Single-family home sales declined 11.6 percent year-over-year;-Days on Market (DOM) for single-family homes went from 45 to 46 days;-Total property sales were down 13.6 percent with 9,133 units sold;-Total dollar volume declined 12.2 percent to $3.8 billion;-The single-family median price was statistically flat at $345,500;-The single-family average price was statistically flat at $432,090; -Single-family home months of inventory registered a 4.3-months supply, up from 3.0 months last June;-Townhome/condominium sales continued to decline, falling 19.9 percent, with the median price up 12.1 percent to $241,000 and the average price up 7.8 percent to $271,356.

In the last three months we have brought on about 5 owners for property management who have had very rough experiences with them through the building process.

The weakest was in the Southeast (39) and Southwest (34).Mortgage MarketAverage 30-year mortgage rates have ranged between 7.00–7.15% for the last few weeks.

Thirty years ago, it cost me $600 in labor and parts to replace a 50-gallon hot water tank, currently $1,500 and often they only last 6 to 8 years. 

Total profits last year—subtracting property taxes, management fees, insurance, and repairs—were approximately $12k (which was then divided into shares for us and relatives).The city is Grants Pass, Oregon, population 40k, with median household income around $50k (50% lower than the national average).

If you have any questions i'd be happy to chat anytime Sounds good let's connect