The December 2024 report from the Austin Board of REALTORS® (ABoR) shows stable housing prices and balanced market conditions in the Austin metro as we reached year’s end.

Depending on your exact situation, you could likely get something closer to 7% and make these numbers work a little better.  

I’ve found a duplex that seems to be in good condition, with both units currently rented out.

I believe that while it is a buyers market and renters market right now, these conditions will change within 5 years, because: - The long-term fundamentals that drive people to migrate to Florida remain unchanged, and a steady influx is a reasonable expectation. - Supply will abate. 2026 and 2027 will see less than half the deliveries nationwide of of 2024 and 2025, respectively, and I bet that is even more extreme in a market like Tampa.

Unresponsive to owners for days on what is the condition of their property?

I’m sorry it was the exact opposite for you.

@Lisa Oliver I wouldn’t give keys to trades men under any condition.

YES that is exactly what it means. 

The exact amount varies by lender but is usually around $5,000 or more.Recalculation: After you make the lump sum payment, your lender will recalculate your monthly payments based on the reduced principal balance.

A CPA experienced in STRs should be able to break down exactly how to meet material participation requirements in your unique situation.