The location and size of the project are the biggest determining factors for us.Happy to connect and help, feel free to reach out!

If she hadn't been such a PITA I would have given her the stove, but she's the kind that would have taken the stove (it still worked but all the wiring was severely dry-rotted and exposed wires were everywhere), put it in her house, had a fire, then asked me to cover the damage.

@Ignacio Linares I think you have nailed the major factors to look for in a market.

If I wish to proceed with this offer, Zillow will schedule a visit to my home to do an in-home valuation and factor in repair costs in order to finalize their offer.

@James Gibbons There are a lot of factors at play here:- How much are you putting down?

This is an important factor.

It looked at growth factors for each city such as five-year population change, average yearly growth in economic output (GDP), five-year change in number of businesses, five-year growth in housing, and August 2021 unemployment rate.Austin clocks in at No. 17 in the U.S. and No. 3 in Texas.

That will be a huge determining factor for travel nurses or a corporate rental or Airbnb model. 

@Seokwoo YoonA refinance in of itself is not a taxable event.However, there are some items with a refinance that effect your taxes in the future.Closing costs / lender costs may be capitalized.Prior lender costs can be immediately written off.Interest tracing rules need to be factored in for deductibility of additional funds received.

However it could be worth 170k-180 if everything was fixed and I think I could get it going as a functional rental property for the purchase price plus another 20k and some blood sweat and tears and maybe could get it reappraised in a year and do a heloc, but I could end up being 160k in when you factor in lost rent and is 10-20k inequity worth the gamble?