Austin, TX Real Estate Investment OpportunityA 1482' house on a .84 acre lot that includes a 535' Small House- vacation house Seller is willing to sign an over market lease back of the property for 2-5 years.The MLS listing pics are here:https://lnkd.in/bz577JXIs this a good deal?

I ran an analysis if we were to rent each bedroom at $650 (which is competitive for this market), include all utilities, include the missing expenses from owner's log and furnish each apartment, the monthly cash flow numbers look much better.

Does the purchase include the real estate or just the business? 

So I would prefer to go in an do a wall to wall rehab including kitchen and go for the  $1395 renter who wants perfect.  

This included my first appraisal fee of $650 (also highest in the industry).

An application must be made to the Los Angeles Housing and Community Investment Department before the unit can be offered for rent or lease, which would include Airbnb.  

.-6-units fully rented ( 2-1bdr/1ba, 4-2bdr/1ba)-Sale Price to end buyer = $420K-Yearly rent = $72K-Yearly expenses = $21K (includes taxes, utilities, insurance, garbage, exterior maintenance)-NOI = $51K/yr-CAP Rate (NOI/Price) = 12.14%Please let me know what you think!  

I'll make sure any potential buyers understand the LLC could be included, or not. 

Things may have changed since then.In 1996-ish I moved into a 2BR apartment in suburban Milwaukee that was total electric, including the heat.

No pictures on the listing but it was right next to the local hospital and I could see prospective renters being young professionals/other good renters.Called the listing agent and set up a viewing for 4 PM and agent sounded very happy that someone was interested in the propertyWhen I went to go see the place it was a complete gut job. the roof was in good shape and the foundation look like brand new block foundation but the rest of the place was completely destroyed.