@Mia Trasolini - most times when investing in a project investors will want that money recouped in a 3-5 year period (depending on criteria and also the cap rate plays a factor if multi-family). 

Just trying to level the playing field.

I like reposition plays for myself in strong markets.

I would call this a two play plan.

@Levi HuiIntent plays a huge factor when "dealer" status is concerned. 

For example, here's the opinion from the legal department at the leading landlord association in California (CAA):Like I said, lots of things at play here, and these are just some of my own observations/opinions. 

= $324k  Ahhh so this is the assumptios that must play out for this to be a good deal, this rent raise and expense ratio actually being only 40% (this includes taxes and ins, turn over, maint).I've made much more money on SFRs....  

Your post is a bit confusing, are you going to purchase the property yourself then sell or are you looking at a way to play middle man without any financing? 

So if you think you can rent for $3K, your net over time will be more like $2250.I would take advantage of the great relo program & sell the house, then invest some of the proceeds in a more typical SFR play - $200-$275K homes in Austin. 

DM is also highly competitive so make your letter or post card stand out by playing to your strengths and your story.