I do know however there are caveats that I did not cover such as location, population growth and Jobs but just looking at raw numbers it appears that what the seller wants and what the buyer would need to make this a good deal are pretty far apart.I would love to hear anyone’s thoughts on this and hopefully, any discussion that follows becomes a learning experience for all.

Hello everyone,I've been a long time lurker here on Biggerpockets, so hello everyone!***DISCLAIMER*** I Own & operate a cleaning business. That's what this idea is about, also I don't want to publicly share it as ...

@Robin Dassy and @Danny Webber don't forget that Austin is about 30% of the population of Dallas Fort Worth. 

Am I going to need some kind of extension for the toilet due to the increase in height?

Long term tenant, rent should be increased immediately I'd think.My numbers don't look good at all, 6.5% cap rate.

As you grow and your exposure increases, you introduce more and more pillars into your strategy to introduce more "stop-gaps" into your asset protection strategy.

This would allow me to take advantage of not only the low down payment and affordable interest rate of FHA, but also of the rental income to increase my savings rate. 

Also, there are other important things to look at like economic diversity, direction of job growth, the population growth, and job growth to name some of the main reasons. 

Waiting one year or two years is not much of a difference if you were not prepared to realise your rent increases immediately.

Sure, I have losses while I remodel but I claim those on my taxes, and it’s worth it to increase the value of the buildings by increasing the NOI.