My head hurt just reading all this.

But tenant doesnt give me any heads up.

Hey I’m from jersey, I’m heading down there! 

As we head into fall and winter that is generally a slower time for real estate.

No landlord head aches, take the money and buy another property to avoid the capital gains and flip again. 500x12 = 6000 , it would take 10 years of rental income with no issues or surprise repair bills, to get that amount of cash out.

I stopped considering this as an option until today when an idea came into my head.

Anyone who believes that Austin is headed for a major correction or sustained lower prices in the foreseeable future needs a compelling and realistic case for how the Austin metro goes from 0.6 months of inventory to well beyond 6.5 months.I think the most likely scenario is that the Austin market stabilizes and proceeds in a more orderly and predictable fashion at this new pricing level.

Understand Brent,  Phone sales with a 30-90 minuet heads up. 

There's an actual real estate college degree; and within the MBA program there's a real estate concentration.Subjects that could certainly fuel an investor's rise to empire besides just accounting and business could be architecture (evaluating structures), psychology (negotiation), economics (noticing trends in a market), statistics (various areas of investing), and there are probably more that aren't popping into my head at the moment.

Paying the cash to renovate the property in this instance may be the best option.