My question is, would the 70% rule still come into play here since I am planning on living in the home for at least the next two to three years?

In my own career I have played a lot of music, sure.

Ideally the self addressed letter and stamp is ideal.

Getting my marketing materials put together is "a" priority, but making sure Lily is fed, changed, and safely at play is THE PRIORITY.

Monopoly and cashflow for kids are the games we play around here.So when we flipped a house, the kids work and when we sell they get paid $100 for their sweat.

I'm glad to connect with other like minded folks that are executing the play!

Definitely lots of Austin Investors on the site, I invest in the Central/Southeast side but there's a lot of plays to be made in different parts of the city.

Hi since I am now playing the role of a property manager ,(great advice) how do i go about whose name will the rent check /money order be under ?.

From a cash flow play you have 2 units 1250 X 2 = 2,500 monthly X 12 = 30,000 gross incomeTake away 50% = 10% vacancy,30% operating and expense,10% property management.15,000 NOI per year at a 10 cap for resale is 150,000 purchase price.225,000 would be in the 7 cap range.300,000 would be in the 5 cap range.This is excluding immediate repairs needed to the property when purchasing.That would drive the price down further.For a cash flow play not that great but you can list it and see if someone wants to buy on appreciation.

Ideally they would be familiar with wholesaling, etc.