*The size of home you can get in Austin for the money compared to CA is just ridiculous.

I’m getting some replies from contractors saying costs per sqft range from $200-$300... compared to what I leaned from other states, that’s a huge difference... so, I know costs for everything in the Bay Area are higher than any other place, but I’d like know if that’s accurate...Thanks

Lending is more better for sidra than owning a depreciable asset.. as the income is tax deffered so in my mind Notes are the preffered investment vehicle compared to buying the rental.. unless of course the rental has some big upside.For me personally I am all about PERFORMING first positions.. and have done about 1800 of them for sidra clients specfically over the last 5 years.... there is a certain niche and as described above you do need a few things in your note to make these comply with regulations but other than that.. go for it.. just use caution and due diligence.

It's just not how the financial world looks at investments...CAP is a component of "commercial" residential multifamily...5+ units. 1-4 unit properties are often classified as single family (This is how Core Logic classifies 1-4 units)...The properties are valued by comparable sales method.

I'd get lease agreements from both tenants and landlord to compare and make sure they match up.

Comparable condos in her neighborhood are currently selling for $90K+ (after renovation)Questions1) What is her next best move if she still owes 67% of the loan?

Numbers check out, but a lot of the success will be dependent on the on-the-ground property manager.

So Ive been searching MLS for comps to compare a buy and hold rental to.

I hear people that say that about my market in Northern Colorado and the actual data does not necessarily suggest that to be true.For example, here's a chart showing the price per square foot of detached houses compared to the price for attached houses over 20 years.

Small scale compared to your numbers but the strategy is the same.