It’s remarkable that the Austin metro’s pricing is nearly 40% higher than it was last year:Despite the incredible YoY increase in prices, the decline in closed and pending sales compared to this time last year suggest, in light of the previous month’s numbers, that the market has found a stabilization point and may be reverting to its more predictable seasonal behavior.

The laws here in California are tame compared to what they're doing at the ROK.

Basically when I am looking for a potential property I compare sqft and bedrooms/bathrooms, of course the comps must be in the same zip code.

Just compare it to something that has the same basic attributes but then just be careful about building that was done outside of code.

I am sold plus caliber of renter is off the charts. compared to regular  make 100 or 200 a door C class rentals. 

In general, a HML can offer quicker access to funds and often a more efficient process (less cumbersome as compared to going the traditional bank route).

@Eric Samuels  As others have said, you should definitely compare different lenders AND make sure to not just look at rates/fees.

If the property is vacant, lenders will base the loan off a 1007 report, which is a comparable market rent report for the subject property.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

I make that decision not based on how much it is going to cost, because most repair costs are negligible compared to the income it generates.