I can always replace sections versus the entire floor system.Good Luck.

I'm also not the best at math but going by different rules you can afford a lot more with 3X the rent versus 40 times the rent.

I figured I would put more high end things in the house if I'm looking to flip it, versus renting it.

There isn't an exemption, however, if you hold a regular jobs and only flip one or two homes you can make a case that you're an investor versus a dealer.

It's better if you have pet resistant flooring like laminate and tile versus carpet.

Which is virtually all it has been to date, as far as I can tell.I don't care to wager the likelihood of his proposal actually seeing the light of day, as I don't believe our legislative branch has even begun to take this on.

you're right in that cash flow is much easier to find in East Oakland versus the South Bay.

You can still scale just as quickly using the BRRRR method versus traditional buy and hold.

I'm willing to wager it costs more to replace the roof of a 1,500 sq ft home in New York than it does in Alabama.

Since it is difficult to cash flow in Austin right now (unless you put a lot of cash down), I should consider an owner-occupied new build.Hence the option below and I'd like to get some advice to see if it makes sense for a first-time investor:- new build (complete in Aug 2017)- fixed price ($223K); 3 BR/2.5 Baths, 1,350 sf- part of a new estate area (Phase 1 has ~70 units) = higher property taxes @ 2.55% (versus average ~2.23% in Austin, TX) - current SFR prices in the area for a 3 BR / 2 Bath ~$249K (source: Zillow estimates); this can fall as the new estate builds up (tentatively planned for 70 new builds for Phase 1)- negative cash flow for 1st 7 years; primarily because of higher property taxes (can be offset as I plan to move in)- using revenue and opex growth estimates (2-3%) over 10 years; cap rate = 3.5, Year 1 cash ROI= -5.5%, Year 1 Total ROI= 16%Thanks in advance!