One of our local markets is #5 but I think there are other markets in our area that have more potential. https://www.airdna.co/best-places-to-invest-in-vacation-rent...

This strategic move could not only enhance your portfolio but also provide you with the financial cushion you're seeking, allowing for greater flexibility and potential for growth.If you're contemplating selling, I'd be more than happy to provide you with a comprehensive market analysis and guide you through the selling process to ensure you maximize your investment.

Looking into potentially Multi Family or what size of home will capture the most value.Lot 2 661 SqFt House Rehab $5,000Lot 2 1392 House Finish Construction on Foundation $140,000RentLot 1 TBD, We’re hoping we can construct Multi Family for max rentLot 2 661 SqFt House $750/moLot 2 1392 SqFt House $1900/moRefi/ExitLot 2 ARV $350,000$80,000 Cost of Land/House/Foundation$5,000 Cost to Rehab 661 SqFt House$140,000 Cost to Finish Construction on existing FoundationLot 1 ARV TBD$50,000 Cost of Land in AcquisitionTotal Cost TBDUsing a DSCR 75% LTV 8.3% 30Yr Cash Out Loan, I Estimate we should be able to pull out approximately $255,000 after fees/points.

Instead we are selling some assets and then performing a cost segregation analysis on some of our larger deals to help defray or eliminate capital gains taxes, and just sticking the cash on our balance sheet to better position ourselves for a potential market shift.

However, I am seeking advice from the community on critical points to consider before approaching a potential investor with this proposition.I understand that every situation is unique, but any insights or personal experiences you can share would be immensely helpful as I navigate this potential partnership.

.• Select the properties most similar to mine, and use the minimum rent of these as my minimum expected rent potential.

Austin will be a bit challenging since the values / cash flow potentials are tough, even 2/3/4 unit properties fully leased up can be negatively cash flowing with traditional long-term tenants - you will see some duplexes like this around, but a for-sale single-unit property rented out on a long-term tenant will likely be rare since it would need a buyer comfortable with either all-cash or super super low leverage purchase or comfortable with negative cash flow

Are you looking to build cashflow, to have a place to move to later, etc.With that said, here are some considerations:1) Transferring title (you buying the house) will trigger a reassessment (higher property taxes), which will significantly affect any potential cashflow.

Prop 2 and a new potential acquisition (Prop 3) are adjacent lots zoned for multi-family, presenting a unique opportunity to develop several townhouses on these combined lots.The challenge?

E.g. if you're buying $40-150K houses, out of state... your traveling costs alone would eat into any potential profits you will make.