The buyer will agree to pay some monthly amount higher than the market rent, to offset the cost of the property when the purchase happens.

In many ways, this is the best market for buyers in Austin in years.

Also, avoid issues with city and S8 inspections.3) Marketing Impact - a purple bedroom doesn't need painting, but usually has to be done to attract a tenant.4) Miscellaneous - anything that doesn't meet one of the above criteria.By logically breaking these down for our owner clients, we help them make better decisions on "repairing to their budget" and avoid over-repairing or being a slumlord.Suggest you use this approach with your PMC to address the $22k bid.Lstly, how many bids did your PMC send you regarding the $2k pest treatments?

Lastly, it's super landlord friendly and the price point for finding positive cash flow is still very low (you can still find tons of great deals for $120-180k purchase price).On the other hand, other Ohio markets like Cleveland and Cincy are dying if you look at their population and job growth.

The lower the class, the more reason to stick to your requirements (which should match the market).

Quote from @Gregory Martin: I don't know what's allowed in your market.

I would continue looking in the market as good deals do still exist for those willing to do the work.

If you are financing the initial purchase, you will probably be subject to a seasoning period where you won't be able to refinance.

This assumes the market rent for the unit I will be moving into.My goals from entering real estate are 1. add diversification in my investments (right now heavily invested in stocks) and 2. house hack, so that tenants pay part of the mortgageIn my current market, I have two options: a. buy older houses, renovate, bring the rent to market --> this will cashflow, but needs a lot of time investment which I don't haveb. buy turnkey properties: --> renovated and already occupied by tenants but may not be cash flow positive.I found a property that's type B.

I've read a lot of Marco's posts on BiggerPockets about Memphis and other turnkey markets, but seeing him in person was even more impressive.