I know a lot of people don't care about comps, and valuate properties based on cashflow, but I know a lot of people also rely on comps.Bascially, short and sweet, based on cashflow the property beats pretty much everything on the market in that price range, but the property costs more than pretty much anything sold within 2 miles in the last year, and is priced very high per square foot.

  :)   It may take some time to find the sweet spots.

After I graduated, I landed my first few jobs in sales (Gallo Wine and Enterprise) when I soon learned that I wasn't passionate about sales.

Let's say you replace the carpet for them and they move out 1 year later, but have permanently stained the living room carpet with red wine. 

I found that I had to adjust the base price for a couple months in the beginning to find my sweet spot, and then every 3-6 months I make a small adjustment.

I am a newly licensed agent in Sonoma Valley, AKA Wine Country.

The cash flow is yours to do with what you please ... just saying you can use the cash out refinance as a mechanism for managing that cash flow and keep it in the "sweet spot" where you show a loss on paper after subtracting the depreciation expense, but you still put some money in your pocket (or redeployed wherever else) every month before depreciation.

Also if you are getting a super sweet deal, some hard money guys will allow you to make the acquisition with no money out of pocket.

Sweet, thanks for the heads up!

If you're interested in cash flow properties in Austin the outer suburbs are really going to be your sweet spot.