In some cases you need near perfect execution for the risk/reward to make sense.

And everyone wants every advantage they can get when looking for their next hidden fixer-upper, including the advantage of having that "pit bull of an agent" on their side Lots of food for thought.

@Billy Gardner,My method is to back into the numbers to see if an investment is a viable opportunity.Before you begin, determine your risk and workload vs. acceptable reward.

Avoid the southwest area of Austin with no food stores or other shopping for miles around, as those would be very inconvenient for tenants.

It is higher risk, higher effort, for greater reward.

It is exciting and rewarding.

(If anyones got tips on financing with $100k student loans, please let me know).I work an interesting schedule, 2 weeks on, 2 weeks off, which makes it necessary to have a good partner (and a good travel rewards card).My goals:I want financial freedom, a large passive income is the end goal, and all it takes is work, patience, and attention to detail?

Some of the damages include:-Cigarette burns on both vanity countertops-Pet, ink, and bleach stained carpets-missing shower heads (she said the old ones had mildew in them so she threw them away then took hers that she bought when she moved out)-serious paint damage past wear and tear (plus they smoked so the walls have to be painted to get rid of the smell)-beat in drywall holes-broken light fixtures-they didnt clean at all so cleaning costs-some items left (tires in basement, hangers, food in pantry, etc)-broken screens-etc.The tenants are not happy and are saying I stole their deposit.

As always, it comes down to the risk-reward ratio.

I see lot's of risk and little reward potential.