Someday we’d want to add tankless water heater and Quiet Cool.It’s a highly competitive area, with low supply and had the highest growth in rent increases.

Hi Duncan, Yes you can negotiate during the due diligence stage and you can try to negotiate at any point in the sale process until close.If you end up not being able to move forward during your due diligence, your earnest money deposit should actually be fully refunded to you, provided you put in the contract that your offer is contingent on your ability to do your due diligence.There were several deals I worked on where additional repairs were found during our due diligence that necessitated negotiation.What we did was thoroughly explain to the seller the impact of the additional expense and then offer them the options of moving forward at a lower purchase price, or working out terms at the same price (owner financing/sub2/something else), or cancelling the agreement.Usually, the seller would choose to move forward at a lower purchase price but we definitely had parties choose to cancel or finance too.If they chose to move forward at a lower purchase price, we'd write up a simple 1-sentence addendum to the original contract stating the new purchase price and have both parties sign.You may want to include a deadline in writing of when the seller must respond by before you move forward with cancellation so you don't lose your EMD.

It seems you're covered on time so then it's a matter of ability to pay up front costs like MLS membership, NAR membership, some marketing costs, and miscellaneous office costs. 

One way that municipalities control growth and fund new growth is through providing utilities.

Lack of cash or ability to qualify for a loan?

Still scared about the leap but I am sure of my abilities to move forward and make this a success.

Hi Erick, I would recommend writing down a list of criteria with your partners. e.g. population, population growth, capital city, college town, etc.

Austin has had technology and innovation growth for 40 years, so it is appealing for many reasons. 

I'd be fine giving up some equity for faster growth and scalability but I'd love to hear your thoughts for not giving any equity while still keeping investors engaged with all your projects.Thanks!

They have now provided an "off-ramp" that provides eviction ability IF.... and those if's have their own "but"'s to them.