Are you cash flowing the property?

So you will need to take that into consideration.

Therefore, the consideration is to create a new entity with the same ownership structure as the borrower, sell the improvable parcel to this new entity, and have the new entity construct the new  units, in hopes that the 2 entities can merge back together when the loan is refinanced in 10 years. 

My sights are set on acquiring my first rental property in the Austin/San Antonio area, aiming for cash flow and a 7-10% yield on my down payment.Here is my initial plan based on the learnings I have done so far:Property Type: Single Family/Condo/Apartment also open for other suggestionsStrategy: MTR/LTR Budget: $300k - $400kCredit Score: ~750Down Payment: 15-20%Where I need help of this awesome BP community:Guidance & insights: I'm open to any advice and tips from seasoned investors and experts in the Austin/San Antonio market.Experienced team: I'm actively seeking investor-friendly professionals, including lenders, agents, property managers, tax experts, inspectors, and lawyers.

Growing areas, landlord friendly, cash flowing, appreciating areas, etc. 

They overpaid with leverage in 2006-2007 and when the market turned and rents dropped, they were underwater with negative cash flow.

I have a lot of clients interested in the BRRRR strategy, but struggle to find properties that can cash flow from this strategy.

I am seeing half the properties cash flow and half don't.

HiI'm looking for positive cash-flow properties for $350k or under in Columbus OH. 

These tend to have awhile before any cash flow due to lease up but equity multiple tends to be higher.Then we have our core plus model which is mainly investment grade credit single tenant we buy all cash with.On those core plus it's 5% pref to investors and split the cash flow above 5% - 50/50 (LP/GP) and upside 70/30 (LP/GP).