Yes it's very nice.I started to have a head ache...I wonder if they are legal residents...It's not a war zone area, probably very nice people who work hard, some of the residents do not have vehicles, but the building is only 3 blocks from a major road with public transportation.The numbers do work.But I doubt I can raise rent without upsetting the dynamics of that group.I also don't think these tenants found this place online, it's word of mouth.Something doesn't feel right.

The median price for Austin-area homes was $219,530, which is 10 percent more than the same month in 2012.Cathy Coneway, 2013 President of the Austin Board of REALTORS­®, explained, “With strong activity across all segments of the market, the Austin-area housing market has been full steam ahead through the holidays and the rest of the year, Our city’s population and job growth show no signs of slowing down, so 2014 will likely be another competitive year for Austin real estate.”In November 2013, inventory remained at a historically low level of 2.3 months, which is more than half of a month less than November 2012.

I've been reading the BP forums for a bit and decided to go ahead and make my formal introduction.I'm currently working full time and hope to make my first buy-and-hold rental property purchase sometime within the next year.

I have heard on podcasts that pay per click and bandits signs have a very good lead conversion ratio.

For now still keen to get a heads up on any obvious locations to consider for when I return given my budget and overall strategy.Thanks.

@Adrian Tilley - Go ahead and post a link . . . that'll help folks out.

A few tips..You can tag people by typing @ before you type their name, then clicking their name when it pops up at the bottom of the message box.

Go ahead and give the sellers a copy of your initial inspection report.

Account Closed You're way ahead of me, so you are probably right and I might learn the lesson the hard way on this one.

The home is rent ready for sure, $1000mo should be butter. but Im not even going to worry about it unless they call back.Okay that is actually good thinking to look ahead on what you might want to do to it to maximize resale value in the future.As long as you realize that it isn't an upfront cost and let that skew the rental numbers