Since this is a growing area, I think I can potentially get by money back by selling the lot in a couple years.I know the deal doesn't even meet a 1% rule, but that is virtually impossible to find in Austin. 

I can get it done virtually free.

I know you only do turnkey, but maybe with your parents, you need to BRRR to get a large amount of equity for your dad and safety for your mom. 2) There are virtual bookkeeping services that can help with everything from paperwork to full tax filings.

For example, I recently did a deal that only cash flows $50/month but I have only $20k in and will have virtually no capex to worry about since all is new.

If you know about virtual wholesaling/bird dogging or know somebody who does, please get them to contact and message me to help me out.

Not only that, but we started in virtual wholesaling.

Communities near downtown that were previously neglected are now primetime areas for virtually any residential investment, as the numbers can make sense for projects from rehab, wholesale, and long-term buy and hold; near downtown residential districts are a hot spot for renters!

Virtually all properties are similar to this one.I will say that I was also a highly paid Programmer when I graduated College in 1997 and didn't need the Cash Flow to put food on the table.BUT, I will also say that if you don't need the cash flow, you can get into these kinds of lucrative properties.You can't just do the numbers.

Virtually any emerging market would work.

Feel free to reach out anytime as you get started and start to investigate which investing strategy will suit you best.As I am sure you are finding out there are tons of free information in the forums on virtually any real estate topic you can think of and the podcasts are great too.