Seeking help with the search for and acquisition of distressed, old, underutilized property in South Austin (between Zilker and I-35 & Riverside and Oltorf).I intend to execute a tear down and/or implement significant additions to increase the density of an existing single family lot and/or small, old home.

Seeking help with the search for and acquisition of distressed, old, underutilized property in South Austin (between Zilker and I-35 & Riverside and Oltorf).I intend to execute a tear down and/or implement significant additions to increase the density of an existing single family lot and/or small, old home.

Have him check or draw up the lease option contracts you will need for the acquisition and exit side.

Being a note investor, I think, gives me additional advantages in real property investing that I would not otherwise have developed, i.e. creative financing techniques and approaches, more innovative marketing approaches (note appraising, to name one but there are quite a few others), extensive experience with negotiating and finding workable solutions for sellers and getting more offers accepted, etc have really increased my ability to find and negotiate very favorable hard real estate deals.In short, note investing has helped me immensely in my real estate acquisition efforts (I did things in "reverse" order-- notes first which paved the way into my real estate.)

That would lower your debt service by ~$375/month.Are you confident in the ARV and acquisition price? 

@Ryan Brady It could be a lot of things, so it's tough to say exactly what it is, but it could just be a poor tenant-acquisition strategy, very strict standards for who they'll rent too, poor property management company, bad advertising of vacancy/availability, etc.Robert Leonard

If it's true turnkey, they will have taken on all the risk up front.... acquisition, rehab, going through inspection, etc. 

@Aseebulla Niazi It's all relative...I'm personally not a fan of BRRRR for beginning investors...there are just too many pitfalls to be aware of...there is a right way to do it, but your strategy has to be tight upon acquisition.

The challenge for flippers remains the acquisition side and finding qualified labor, selling is easy.

I realize that Id like to be doing more hands-on work with RE which includes acquisitions and hands-on managing.