Just be aware that Austin is a hot market so good deals are hard to come by.

Looks like they are just trying to take advantage of the circumstances now - "strike while the iron is hot" philosophy in play IMO.

So we are still up in the air about starting an llc.  

As you probably already know, most contractors have a short lifespan in a hot market.

Replacing an air conditioner could cost you 3 years of cash flow to recover.

First cold beer or hot coffee is on me when you get back to FL!

Nice job Brian.re: Once you have an RMLO lined up to handle the applications and origination and have nailed your terms...market away.Thanks for the kind words, Hattie, and I love your posts btw, but as far as marketing on Craigslist or in print for Owner Financing buyers,  I would caution you not describing the exact terms of any owner financing and have something vague, like"Owner will finance either owner carry or lease to own, there is some qualifying, please contact NAME RMLO # PH#" for an application or link to a 1003 app like thishttps://www.dropbox.com/s/xd2qn5djkf6z15v/Mortgage...To act in the capacity as marketing for a financing arrangement without proper licensing can get you in FEDERAL hot water.

Cash flow around here is usually pretty tough upon initial purchase unless you get a smoking hot deal, force a ton of appreciation (I.e buy a shell and put more into fixing it than you paid) or put down a really big downpayment to lower your financing costs.  

We buy, rehab, and sell in hot zip codes. 

I think it was due to the apartment being two floors and if you don't close the door all the hot air goes upstairs.