I have two other rentals in the area and I use Alabaster by Sherwin-Williams for all my rentals to make paint touch ups easy, so I plan to paint this one the same. 

From what I've read, all I need to do is fill out a Quitclaim Deed, sign in the presence of a notary, and record it with the county clerk where the property is located.

I'ts time to make the leap!

If you are charging market rent, the rent you will lose for that 1 week of occupancy would afford you the ability to rent a comparable property on the market without the need for any of this kind of nonsense. 

I also wouldn't be opposed to using a 203k loan to finance and renovate a multifamily to house hack and rent out (I know it's a lot more work and harder to achieve but I think the potential could definitely make it worth while, especially with the up coming changes going into effect soon). 

That is the best course of action.

This waiting period helps ensure that the loan meets their guidelines and reduces risk for the lender.

Just wanted to ask if any investors in the Austin/Cedar Park area with experience in rehabbing with today’s constructions costs had any general tips on estimating rehab costs for a property? 

If anyone is open to mentoring or partnering on deals, I’m definitely up for it!

I see leads with vacant houses on FSBO sites.