Mine is closer to $1.2M  (and thats with a generous assumption on expenses).  

If I see moisture there I look closer.

Roughly speaking, if the 75K is based on actual NOI, then that hits closer to home.  

If this is like East Austin, South or closer to UT, most likely yes smaller rentals and lower price would rent quicker and less vacancies for the younger, kidless demo.

So if I did add a bath next door it might run closer to $10K, because I will have to reroute plumbing across the house...... sound about right?  

Let me know when you're closer to moving and I'll put you in touch (assuming European cars are in your wheelhouse).

I think if you look closer you can definitely find better deals around the university district.

Well, today some smart people are saying that you should actually expect less than that 10% going forward - perhaps closer to half that ROI!

How do you value being closer to the community pool or closer to the boat dock?

I can tell you no matter what the economy does or who is in office there is a way to thrive.You have to adjust to the opportunities that are available in the marketplace and take advantage of them before hand before the herd mentality kicks in.For commercial what I specialize in investors are buying properties up in record numbers.It's not just the value of the asset but the cheap debt that is available.Sellers are still motivated to do deals but once the herd kicks in they will get more confidence to stand firm or closer to their price.