There are hard water line stains on the cinder blocks indicating flooding has been an issue before.

I am asking because I always come across discussions mentioning the 21 days rule, but never heard about the 60 day rule.This could have major implications, as by the 21 day rule, landlord would have to return the deposit by 07/21, and would potentially lose rental income for August, depending on the market, as rents are typically hard to collect after the deposit is returned.

I used the following values:Loan: 20% down, 30 years at 4.75%Vacancy: 10%Repairs: 12.5%Cap ex: 12.5%Management: 12%There is hardly any cash flow AND I used last year's tax appraisal value. 

It's hard to buy anything in Austin that would cash flow with 3.5% down. 

I've been studying up for a long time and ready to take the plunge once I can save up some funds, unless I can find a good hard money lender willing to make a deal.I work in IT for the government, but my primary goal is to have enough properties that I can become FI and quit my day job to do this full time.

So, in the BP Calculators where do you input “partner payoff” or “hard money payoff” as I assume those $ amounts (% of the deal) could make a difference whether a “good or bad” deal?

That being said, it's very hard to invest in real estate without any money.

Would love to get some feedback on this strategy I just did: Instead of waiting 30-45 days to secure a regular conventional loan to purchase my rental property, I decided to get an unsecured loan from the bank instead...

I am interested in passive investing and hard money lending.

Lets assume I secure private or hard money for the reno.