However, I'm a techie by nature, so most of my time is spent learning how to program in various computer languages as well as develop websites and apps for individuals and small businesses looking to brand themselves online.WHY REAL ESTATE? 

You will not find anything turn-key that properly cashflows to your desired metrics/returns. 

The Sponsor could be the original developer of the condo or someone that purchased the original developer's interest or a subsequent sponsor's interest.

I agree that proper reserves/cash flow are what it takes to get you through pretty much any challenge. 

Damage would have no effect on my offer aslong as all damages have been properly repaired.

Inventory in Austin is now down to 2 months (balanced market is 6.5 months).Steve Crorey, 2018 ABoR president, said, “Our current market imbalance in Austin is made worse by an antiquated land development code that places unnecessary constraints on building the number and variety of homes our community needs. 

You must be properly insured.

Separately, I've got someone who moved out of their place (similar to you) temporarily living in a development property I'm doing while waiting for permits ... maybe someone else has something like that.If I was in your situation, I'd make plans to put everything in storage and treat it like a 45 day vacation. 

Here are the 2 replies I received back from the community development director:The records I reviewed showed it as an existing duplex.

Also, do YOU show the apartment to prospective tenants while the current tenants are living there (with proper notice of course)?