Texas has high property taxes and the vacancy rates are increasing in Austin.

The low initial investment and high resale value made it an attractive opportunity.

Would sec 8 decrease the rent to the calculated fair market value of rent or at worst case scenario remain the same and sec 8 decline the increase?

You receive the utility bill and pay it, while collecting from the tenants.TENANT PAYS When the meters are separated per unit, make it a requirement of move in to have the tenant provide their utility account numbers to you so you know they are set up and not being billed to you. 

Send me a message to connect, we can set up a time to call and we can talk to see if it's a good fit. we have a lender that funds acquisition and construction, but must have a hefty equity percentage into the deal.The lender needs high equity, or the buyer receiving the funding needs to have a strong equity position? 

The low initial investment and high resale value made it an attractive opportunity.

I am not aware of anyone providing a HELOC up to 80%.

For property tax reasons, these lots were tax assessed at no less than $5,000.To put this in perspective in today’s dollars (this was 40+ years ago) he would have paid maybe $500 for a tract of land tax value of $35,000.  

Hi Alston...I have properties with MidSouth HomeBuyers and I highly recommend them as a turnkey operator.

We try to keep it simple, and provide examples in the guide for people that are not sure what counts and what does not.