We ended up reducing rent to 1395 and rented it.

However bear in mind that the projected cap rate is gross which doesn't include property tax and insurance.

Loan Highlights:🏡 Smart Financing: Successfully included $31,000 in back taxes into the loan, optimizing our financial strategy.🔐 Legal Enhancements: Revised operating agreements and leases for a solid foundation.💡 Creative Fund Sourcing: Innovatively secured an extra $40,000 reserve, ensuring financial resilience.

My sights are set on acquiring my first rental property in the Austin/San Antonio area, aiming for cash flow and a 7-10% yield on my down payment.Here is my initial plan based on the learnings I have done so far:Property Type: Single Family/Condo/Apartment also open for other suggestionsStrategy: MTR/LTR Budget: $300k - $400kCredit Score: ~750Down Payment: 15-20%Where I need help of this awesome BP community:Guidance & insights: I'm open to any advice and tips from seasoned investors and experts in the Austin/San Antonio market.Experienced team: I'm actively seeking investor-friendly professionals, including lenders, agents, property managers, tax experts, inspectors, and lawyers.

However, there are risks involved, including market fluctuations and the ongoing costs of maintaining the property, along with your HELOC obligations.

Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000  Lot 2: $307,000  Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value-  $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation-  $2,538 - Real Estate Transfer Taxes-  $1,500 - Settlement Costs Paid at Closing______________________________________________   $234,212-  $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcI've spoken to a few HM Lenders and ran rough numbers by them. 

I am looking for an analysis tool that I can also use to package an offering to investors, that includes the simplified details of the project to present to my potential investors.

To summarize, these homes will contain a ground level space that's called out as "office space" on the zoning permit and other pertinent facts include the SF which totals 3,100 SF with 250 SF of the total SF of that space attributed to the "commercial space" and estimated price point of $1.1M for each home.

Same for any tax strategy that deals with capital gains, including installment sales and 1031 exchanges: they apply to rentals, not to flips.Despite the fact that you cannot put the entire amount into a retirement account, what would be the point of it even if you could?

Costs include downpayment, closing costs, and monthly interest payments.