He visited the property on Friday and after discussing over the weekend we decided we were going to put in an offer.However on Sunday tornadoes hit the area and several trees hit the house creating extensive damage.The home and property was inherited by siblings after family passed away and they are wanting to get rid of it. 

Renovating our first over-the-top STR currently that should be online early 2024.

Sales remain healthy and at relatively the same levels over the last few months.

Kris over at Anderson Agency is who we use on all of our deals.

To be honest, I would just save the hassle and have the friend just sign a quit claim deed over to your LLC because she has already received ALL she is entitled to and more.

That said, we're not overly familiar with this market, where to look, or what sort of funds would be required to allow a rental to work.Again, some sort of house hack and MTR strategy would be great but open to suggestions.

A few years ago a MF boom started (that is still going), and I realized my older units in cut up old victorians weren't going to cut it against new supply.

I would argue there's more important things than a balcony. interior finishes. we build a triplex stacked over and over and no balcony. on our infill single family home we have two rooftop terraces and covered balconies that we are designing now to sell quick. it's more of an amenity to compete and get a quick sale. 

I work on the Property Management side of investing and we have plenty of rentals we manage in the Section 8 area (over 250+ doors in Greater Houston), I'm happy to answer any questions you direct message me for some an insight! 

With now hundred's of members all over the US and thousands of meaty comments it's really a tight nit community and we'd love to have you.If you want to see what others have done, go to YouTube and search Flip2Freedom and you'll see a ton of REAL success stories.