So, an IRR rarely gets taken into account during due diligence, although like most real estate transactions, the exit has the highest potential for return.I'd love to know some average numbers for a turn key.

These will give you a clear picture of the property's current performance and potential.

The second option is to sell and house-hack a fourplex, which offers more units, higher potential cash flow, leverage equity, and appreciation potential.

Quote from @Zach Howard: @Robby SanchezThanks for the offer - actually Texas is one of the places where I've started to look at potential properties and so on.

The seller will lose some rent, potentially incur costs to evict, possibly costs to clean out the units depending on your sales agreement.

I also received a letter from the county saying that my property is in violation of several health and safety codes. 

Having lived in IN for 8 years before moving to Austin TX, I believe this city offers great opportunity now and much potential.

I know it seems difficult to turn down the potential income from this lease, but be patient, renting season is just around the corner.

If I had an MTR at hit 90% I would potentially raise depending on the market but likely keep as is. 

I do believe if the potential investors asks for an opinion, if you provide your opinion it should be an honest opinion and not necessarily what will achieve the commission.