Hi @Suchi Desai - as long as you are planning to live in the home, you should be able to qualify for an FHA loan for your home purchase in Austin.

Your money pays both agents commission, it pays for everything.Being commissioned based agents are inherently greedy, literally part of the job that they won’t admit to. benefits of using the listing broker- feeding the beast-listing agent wants both sellers and buyers commission and will fight for your deal over other offers even at a lower price because they make more $$$.If this is your first deal and you aren’t sure what you are doing or looking at it may be better to find an agent. if you are pretty familiar with the process it’s really no different who represents you as long as you can stand your ground and represent yourself if needed. 

They said their accountant said they dont need to do that as long as they use the money for another rental.

There is no need to open a dedicated account, as long as you make it clear where the funds are deposited.

Nothing wrong with going one room at a time as long as there’s a clear vision of the property use and cohesive look.

I would for sure use an attorney to structure it as long as it something that sounds a little complex as your deal.

When I had a project that involved removing some asbestos my local landfill was a facility that accepted it as long as it was properly prepared for disposal in the correct containers etc.

As long as you can do that you will ALWAYS get a buyer in hours.

As long as it cash flows, even a few hundred dollars, I’m good!

As long as I keep the ceiling exposed, should I have any concerns around the legality of the conversion?