I asked if they would be open to us using a buyer’s agent, and they said they would have to factor in the costs to their asking price.

Inventory in Austin is now down to 2 months (balanced market is 6.5 months).Steve Crorey, 2018 ABoR president, said, “Our current market imbalance in Austin is made worse by an antiquated land development code that places unnecessary constraints on building the number and variety of homes our community needs. 

Separately, I've got someone who moved out of their place (similar to you) temporarily living in a development property I'm doing while waiting for permits ... maybe someone else has something like that.If I was in your situation, I'd make plans to put everything in storage and treat it like a 45 day vacation. 

Even if you do manage your properties yourself, factor PM expenses in when running your numbers to make sure you have some wiggle room to leave that role if you wish to down the road.

Local factors are all still strong, but interest rates do make a difference at every price point. 

Here are the 2 replies I received back from the community development director:The records I reviewed showed it as an existing duplex.

I had posted this in the new member introductions forum but I wasn't sure where it should go so I'm posing here in the starting out forum as well.I've had this idea in my head for a couple years now about buying property and then renting all or part of it out in order to develop an alternative income stream and I just found out about the bigger pockets community a couple of months ago.

You are not spending the money this way, you are using it.Multiple uses, but a one time cost, makes the interest rate a non-factor...so long as the first investment covers the expense of its use.

Lots of people expect the Obama Library and other developments to push value in this area of town.About the deal, based on my analysis I see 6-units having about $3500 in water expenses annually.

I’d look for properties that you can add value to, perhaps expanding the number of bedrooms or units to get more rent or possibly splitting the land if there is enough for a developable lot.