The guru your son is learning this technique from is likely not telling your son that the deal will almost certainly encourage your son to get an "off-market" deal from a "wholesaler" who is unlikely to properly disclose the details of the property or encourage an inspection. 

Some here have self-interests.

As you're just starting out in Austin, focus on learning the local market, particularly areas with good rental demand and lower entry prices.

Things that AI won’t know:Market rent as isMarket rent renovatedCost to renovateSpeed at which renovations can occurLease up rate once renovatedInvestors learn all of this by doing work in their market.

What is a goal you have as you start learning about RE investing?

Working this backwards, what I see is a 3rd party trying to benefit from another’s house via rental cashflow, My only business is 30+ years as probate estate and trust lending in CA.

Quote from @Lily B.: Following this thread….

Looks like there is no one from Allentown here at BP Hendrix.

Quote from @Tony Thomas: Any best practices around buying down points?

Had received an email from this group and spoke with them on the phone yesterday.