It's getting hot and will get hotter, this kind of people can completely transform whole neighbourhoods.I heard in downtown only big shots will be able to buy industrial buildings and convert into residential.

I wanted know from those actively rehabbing in the market if your are seeing it become more difficult to find rehab/renovation deals with the market so hot or are you finding higher profits from bigger ad-on rehabs or pop top type deals vs new builds in the closer in areas of town?

. :-)If simplicity and cashflow are important to you, I'd be looking hard at smaller multi-families, subject to all the due diligence etc., of course.

Here's a link to a blog article on the subject.  

The loan originator suggested that I work for a year and build a income first while paying off student loans so that I will have good rating; I just graduated college (completely different subject by the way).  

@Jesse Waters I am completely ignorant on the subject of cross colateralizations can you give me the quick and dirty so at least I'll know where to start.

I can tell you Austin is a tough play for cash flow, but I can't explain exactly why, other than the market is very hot.  

I don't invest in Houston right now but I hear it's pretty hot (real estate and other wise!)

A run down car repair shop right next to a shiny new 60 unit apartment complex in a hot area.  

When you run your comps, it's important that siding, square footage, numbers of BD/BA, materials etc are similar to the subject property.