But as it stands now, I don't have the fortitude to up and quit my job and pursue this full time yet.

But stand firm on your desire to move them out, clean/renovate the unit, and start fresh.

I will now stand aside for the next diatribe from the Guru's around the country who clearly don't practice their craft in Texas.

As the numbers currently stand accounting for all expenses with, vacancy,  a strong maintenance, capx, and property management I would be left with $0 after taxes for the first 3 years until I refinance.

I know the Austin market is smoking hot and even with cap gains I could stand to clear 300k after tax and expenses.

As a electrician I would say on a service stand point it is better if each unit has there own breaker.

So, it seems like maybe the first thing to do would be to go speak with the mortgage co and see where they stand on it and go (or not) from there.

is this a good rental property in the coming years as we have offices out in this area.I am not sure on the price stand point but thought should check with BP family.Any input on this would great.

@James Cash the CREC stands for Colorado Real Estate Commission and the forms are for the purchase of Colorado Real Estate.

It's a comedy show which illustrates how to not run a family owned real estate development company.Almost everyone in the family can't stand each other, and the rest of the time their company is under investigation by the government for "slight treason charges".