I realized that buying in a good school district is more a "buy and hold" strategy than a "fix and flip" one.

That way he has a secured investment and you can move forward with the deal (it sounds like a fix and flip?)

It seems to be a very tough strategy(fix/flip) in the Austin area.

In both cases, you will also have tax on unrecaptured depreciation for the amount of depreciation taken (or allowed, if that's greater.)If you bought a property intending to fix it and resell it the holding period is irrelevant. 

If I were to bring on a partner, id say what I bring to the table is all the sweat equity, I do the property management, fixes, rehab and Id live onsite. 

Carry long-term, fixed rate and term debt.Don't enter hasty partnerships just because you're both half broke. 

A) Focus on fixing your finances, killing off credit card debt, build up savings, increase your main source of income.

I got an offer on a house which is 430,000 and the owner says it’s already fixed up and needs no repairs I did my research and seen the prices of the houses in that area is about that much should I take this deal?

Honestly I'm way more attracted to buying something distressed in driving distance, put some cash into fixing it, re-fi to 75% LTV, and then cash flow for 30 years.What would you do if you were in my situation? 

We have been ramping up our fix and flip operation and have 5 projects currently in the works.