The process costs between $3000 and $5000 for an attorney to handle the "condo-ing" which requires a master deed and by laws to be drafted and all the filings for the association.

@Robert Payne I do like this idea.If you have a local REIA, maybe have some of them come by and take a look and offer suggestions?

Additionally, partnering with Fred Rogers provided valuable local insights and expertise, making this an attractive and strategically sound investment for Partner Driven.

To increase your chances of finding the right property, expand your search criteria, use multiple platforms like MLS, and network with local professionals like real estate agents, property managers, and wholesalers.

Check with local Austin and Texas state authorities to see what permits or licenses you need.

Lookup local investor groups in your area, reach out to people in your area that are active on BP, and try to connect.

Make posts in local Real estate FB groups, if you have a great deal 100s of investors will message and comment.

City Data and Google Earth are pretty helpful; as is working with a local broker.

Are you local, or investing from out of the area? 

Corp laws need to get better.