I would be hesitant with this specific deal because the cash flow is too minimal for my liking, and the ARV doesn't pan out. 

When you buy with other loans and put minimal down payment, you end up having to pay PMI which usually destroys any cashflow.

This property sits below street level, so it requires a sewer-pump to get the waste up the hill - and that pump caused some problems and added expense.

This property sits below street level, so it requires a sewer-pump to get the waste up the hill - and that pump caused some problems and added expense.

@Sacha LaCoss you don't need to waste time/money on an attorney until the Tenant initiates legal action. 99% of the time, threats of legal action are just that: threats.

I currently live in South Austin and would prefer to minimize my commute if at all possible.

To minimize your risks you will need to get good at evaluating sponsors.

Hey guys,I'm a real estate investor not living in the US, but looking to invest never the less through an US-owned LLC.My question is in regards to the capital gain tax, and how it works, how much it is, and what the smart investors do to minimize this. 

I have very minimal capital to start.

Also research what other landlords are charging for background screening and include that cost in the property description.Those simple steps will reduce the number of inquiries by 1/3 to 1/4 and save you a lot of wasted of time.