@Jordan G. if you're not putting any bedrooms down there, generally speaking you should be allowed to finish a basement.

You have to know how to screen tenants well, know the landlord tenant code thoroughly, know how to send proper notices, when you can charge late fees, what to do if a tenant doesn't pay etc.I can't tell you how many owners have come to us over the years who thought they could manage on their own and got all the way to court, only to find they didn't follow proper protocol with notices or the late letter etc and have the case thrown out and have to start again.Also, are you local to do inspections? 

We do this for the busy season, then allow to trail off late in the year.

There is also usually a map of the ongoing and finished developments.

What might you share to enlighten others of the market conditions and attitudes in Austin as of late?

The building has a metal exterior finish with large bay windows and a durable brick.

Thanks. because existing is super messy and lower returns for general contractors and HIC, I'd recommend looking at new construction too. start to finish 120 days right now on 1-3 family is what our market is going for high volume spec homes that have been built before. 

At Lender's option, a late fee of 5.000% of the installment may be added to any installment not received within ten (10) days of the due date.

We don't allow anyone to stay even a day late. 

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.