Vacancy here low 3% so thinking it is rentable w/o garage with a discount.

I would keep it as a 3/1 and rent it at a small discount over other 3/1's maybe because of the small rooms.

November Market Stats for Austin for Anyone interested, definitely past the college town stage.Austin Board of REALTORS® releases real estate statistics for November 2013 AUSTIN, Texas–Dec. 19, 2013 –According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), the volume of home sales continues to rise as November became the 30th straight month of sales volume increases and the most home sales in November since 2006.According to the report, 1,899 single-family homes were sold in the Austin area, which is 14 percent more than November 2012.

If they don't pay me, I make MORE money because I acquire real estate (the collateral) at significant discounts (better than bidding at auctions!)

We basically got the lots at a 30%+ discount; probably more with the view.

Do the work and get paid for the work you are doing.True, this isn't really for 3 or 4 days of easy projects, you need at least 5K in repairs or improvements, 10 or 20 usually brings up the ARV well enough for a good profit, or more.But don't discount small jobs, making the arrangement can net twice or more than what just repairs would normally run.

I am an investor in Cleveland looking to buy a vacation rental in Florida that we can stay at and rent out (will be using property management).

We want to be on the beach if possible - I am still in the v...

Right now Charlotte has been a pretty hot market in certain areas so those numbers may make sense but other areas, like the west side of Charlotte it may take a bigger discount to entice a buyer.Also remember that the 70% of ARV - repairs is what the BUYER wants so you will need to factor in a number lower than that if you expect to get a finder's fee.

Most likely, it's not priced at enough discount to attract investors.

You can't overpay for the place in case you need to get out from under it, but as long as you can sell at retail without losing money it isn't a bad deal at all.The 3 things you need to do it 1) see the place to see if it needs work, sounded like you will see it soon for this. 2) you need to nail down what the current value of the house is so you know if $85K is any discount, right on market or if it is upside down.