Yes - will require an appraisal, but one main advantage is when you can use the third-party appraised value. 

This includes crucial details such as the rent amount, lease duration, and any specific rules or regulations that they are required to adhere to during their time as a tenant.

Any rental over $5/day for a term of less than 30 days is required to have a license in Austin.There are two potential violations from the city of Austin and there are for advertising without a license or renting without a license.

After securing the property, you enlist the services of a general contractor (GC) to assess the property and provide a comprehensive estimate for all the renovations required to bring the property up to acceptable living conditions and any other improvement you want.

The second option obviously will require us to take on loans but we will have enough to cover 50% of each house as down payment.

@Boston Caruthers I don’t care what the IRS is requiring from my electronic payments because I claim all my rent.

@Kenneth Bentley-  1) if you already have a mortgage on the rental property in question - any heloc  you would place on the proeprty would be required to be in  2nd position and not possible to do a " 1st lien heloc "  2) there are not many HELOC lenders  for rental properties  

While it requires some effort to analyze all these aspects, thorough research will help you determine if investing in a duplex is the right first step for you.

When we rep startups, though they are still traditionally a practicing doctor with a fairly high net worth, and we are mostly able to do the deals because the LL's require a 10 year deal, we traditionally get 2 five year options to renew, and the LL generally requires a personal guarantee. 

I'm sure it's profitable, but idk if I wanna deal with the fallout of the clientele who would be attracted to the area.It would be owner-occupied, but I wouldn't be super happy about having that be a requirement to operate since that would force me into an awkward position if I wanted to use owner-occupied financing in a future purchase.