Think about your target tenant demographic, before you choose a property type and neighborhood.Hope this helps!

Its on a cul-de-sac close and walking distance to Springwoods Park.This is a great way to live very affordably in Austin, build equity, and learn how to operate rental property and manage tenants (if you choose). 

I would thoroughly wash all surfaces, then paint the walls/ceiling, preceding that with an odor-blocking primer. 

A couple expenses that are not on the sheet are a new roof last year for $11,500 in both buildings as well as $4,000 in paint and supplies.

I'm working on rehabbing a recent purchase to get it ready to rent, and in the course of installing a new curtain wall I discovered that the newly created bedroom would be without a heat source. Upon further inspectio...

Debated taking the risk of making some improvements while I'm in it....flooring, paint, etc. and trying to house hack it, but didn't think the margin was there.  

He says he usually presents the seller with two options on the offer so that the seller is thinking about choosing between "option 1" or "option 2" and not "yes" or "no".   

It still needs an exterior paint job, updated master bathroom, possibly a roof, at least one AC unit replaced, landscaping, and potentially all new windows within a couple years.

Properties selling for near double what they did in 2015-16, while rents haven't increased much.The multi family hack I believe will be my best strategy for for investing in such a market, and being VERY careful in choosing the right deal with value add potential.

After a couple of walk throughs, I determined that the house would need all new flooring along with paint to make it rent ready.