Other nodes include Georgetown and northeast Austin near Manor.

However, I don't think I've seen it broken down as to what is included as part of that percentage.

Just ensure to complete necessary due diligence - this can include, but is not limited to, title search, property inspection, appraisal and/or survey. 

These typically include services like renters insurance, HVAC filter delivery, pest control, and sometimes utility management.

Assume break even cash flow while rented which includes a generous $600/mo repair fund. 

I was chatting with some of my lending buddies at big banks and they are all backing away from the CRE space including office because operating costs are increasing more quickly than rents.

They allow you to include up to 6 months of rent payments in the loan if you are unable to occupy the premises during the renovation.Just to be complete, it's also worth mentioning that both the VA and USDA have renovation loans.

Full gut renovation, including but not limited to full replumb, full rewire, complete mechanical upgrades, and new apartment finishes from studs.

We actually CAN'T explain what we are seeing if we are operating on the "purely rational actor" hypothesis (as you implicitly observe), we MUST include highly irrational and emotional individuals to explain what we are seeing.- Investor uncertainty.

It does not include the rent income, just the appreciation, it is about 11%.