I absolutely believe in Austin's long term growth but I won't go underwater in the short term in an equity gamble.  

Seems promising to me, but I recognize in my eagerness that I may be ignoring some items, like maybe expecting $1800/m rent is too high.

I stopped scrolling just because I recognized it before I even saw your name.

@Eric Dacierno, Yeah S corps are hard to unravel without recognizing the gain. 

It's a type of land trust recognized by most states as not being a dry trust (dry trusts are executed under common law).

MN demands their cut AND doesn’t even recognize accelerated depreciation.

We initially called it the “100 deals call” as some people say you need to look at that many before you recognize/find a good one. 

The bank's perspective is that hopefully they can recover their remaining 80% investment in the property.However... banks will often recognize equity value in the property under your column of "money in the deal".  

He wrote one of the first books on the subject of predicting the market and buying for growth and stability, not as a gamble. 

They submit an offer, get it under contract, and gamble trying to sell it to someone else.