HelloPlease give me advice on my very first investment property.Property location: Austin, TXNeighborhood of the property: Has the fastest average growth in appreciation in metro Austin (2019: 12%, 2017: 24%)Purchase price: $215KType: Attached Duplex (700 SF Front + 1000 SF back)Lot: 7020 SFCondition: Fixer-upperEstimated total rent: at least $2K/mDown: 27%Loan 73%: short term (0% APR up to a year) from a very nice wealthy friend.

Rents have increased exponentially and disproportionately in relation to income growth so that will be an issue moving forward especially right given the current environment.

How strong growth is in the area.

Bonus if it can be turned into an educational how-to guide.The resident can either pay out of pocket for any work needing to be done, or they can let the GNA cover it in exchange for direct principal payments off the original market price purchase.Make a simple guide to what needs to be done on a regular basis, and establish a plan for what the resident can handle, vs what the GNA provides.Create synergy with kids and grandkids to accomplish common/ regular tasks.Opportunity for daycare/ day camp, or even homeschool type services.Opportunity for future continued business partners to take over living on the residence.Preferred scenario, resident pays for material and professional labor, and the GNA provides cheaper labor for easy tasks etc.Residents may pay part of the labor cost, but ideally if the GNA has cash to pay internal employees, then those costs get applied as principal payments.Explore options that let GNA employees trade time for ownership of that specific property, instead of traditional pay, or use it as an overtime bonus.Find ways to incorporate local artists and craftsmen, and make unique projects that incorporate the story of the house as told by the resident.

But I held my "finger on a trigger for too long" and in a state of fear-impairment never dove into REI ..allot was at stake OR so I thought.. posting to Victoria & Vancouver BC (extremely expensive real estate market), raising two small children on only one average family income (barely meeting the ends), demanding work (out of the area taskings, 24/7 duty)..

We provide the project that is the standard by which other’s are judged.on time. on task. on target.

And you're absolutely correct, they are buying with a different set of economics so where we see a 'low' return they see an overall consistent return with longer term growth potential.

Which property has room for income growth?

The growth in that area is inevitable and the market we’re in will only appreciate.

It’s less the tool and more the process for growth.