My business partner spent over six months negotiating with the seller and we ultimately purchased at a 20% reduction from asking price.

Definitely try calling them and asking for the commercial lending department.Nice on the $650k valuation, prices definitely have appreciated sharply over the past few years!

.- Home to over 3,000 tech companies and a host of accelerators and incubators, Austin is quickly developing a reputation as a key player in the US AI startup scene.- According to Built in Austin, defense technology appears to be the leading area of interest for venture capital investors on the Austin tech scene.

My main concerns are health & safety, along with the ability to insure the property for $300 or less per month.

Section 8 may call it a BR if it is over a certain Sq Footage and has a closet and then your approved rents go up. 

There is good news and bad news: good news is that there is a stepped-up basis as of the date of the gift of 50 percent of the gift date fair market value of the property as far as you are concerned for capital gains purposes.

My concern is if it is a good idea to get rid off carpet, will it be appealing for renters in Texas.

Overall, I believe it does have the  chance to push property values as well as rents northbound.

A way to account for the additional borrowing (or in this case effectively a cash gift towards down payment) is to attribute an interest rate to the $500k (or even an interest free loan over 30 years).

I really just want to add 2 piers tat would be the size of medium size tree trunks and elevate that section over.