You'll likely pay long term capital gains on your stock gains.

This land was purchased by family members in the 1950s and, if sold, would bring us about $600K in cash that would need to be rolled over to other RE to avoid significant capital gains.

For my other deals, my primary appreciated in value and I took out a HELOC to have capital to work with.

This is a competitive advantage on the rehab side, and you should exploit it, which could make all the difference in making a deal solidly profitable in a hot market like Austin.You should look very seriously at doing some retail flips initially rather than just trapping your modest capital into a slow-growth rental strategy.

Your fix up costs up to 6 months prior to conversion are (I believe) can be considered fixup capitalization or expense depending on what you did.

What capital have you invested?

Obviously it would be very capital-intensive, and risky.

This is exactly what I did when I was starting out, simply because I was so tight on cash in those days and needed to conserve capital at every opportunity.If you do decide to perform your own title search, just be sure that you're getting a Warranty Deed from your seller, and that you're issuing a Quit Claim Deed when you sell the property to your buyer.

Greenpoint is no longer around but from what we could determine their records are currently with Capital One.

Once I learn the ropes a bit and build up some capital, I'm interested in buying and rehabbing historical homes to sell or rent.