Do they offer other services that you may need at one point.I only do home improvement loans today but have good referrals in the New York area if you want someone to talk to about lines or loans.Feel free to message or call me.Jason

If you need any help with specific properties, feel free to reach out. 

It will be hard to find that type of free cashflow after all expenses in Austin but I would bet you'll see higher than average appreciation.

Our idea is to convert part of the home to a Jr Adu and get rental income that will offset the expenses for dear dad and let dad live rent free.  

Sammy, please check your DMs and feel free to browse my business profile; link is in signature.

Cap rate = NOI / Purchase PriceTotally guessing here but assuming you and your wife can rent your current unit aka the main unit for $1,800, that would make your total gross monthly income = $4,433 $4,433 x 12 = $53,196 Annual IncomeLets assume 30% annual operating expenses for taxes, maintenance, cap ex, property management, vacancy...$53,196 - 30% = $37,237.20 NOINow lets say you'd do this work to add the ADUs if you can get your property's value up to $800,000, that would mean your property is operating at roughly a 4.65% cap rate... is that good for your area?

I'm not really sure about that part yet.Moving forward, I have a lot of things to think about and any little shred of advice or insight is beyond helpful, so feel free to reach out and chat here or via Instagram or email.Thanks BP Fam!

Feel free to ask more questions and best of luck!

Feel free to reach out to me for insight about the IE. 

And what you said makes total sense.