The rehab would be mainly cosmetic, floors, kitchen, bathrooms, paint.

I currently have one single family rental in the Austin area that cash flows pretty good and has appreciated well. 

I've done pretty well so far.

Looking for areas more Eastern of downtown, any recommendations would be greatly appreciated!

Here are some thoughts on your plan: can be a great way to build your rental portfolio, especially with your experience in renovations.

I feel like one LLC per property is overkill and would be quite difficult to manage.

All-in-all the amount of the loan shouldn't be substantial enough to the point where I wouldn't be able to cover it out of pocket anyways if need be, just want to make sure that I'm not missing anything.Does it sound like I have the situation figured out or is there something I might be missing?

Hi BP Community,I'm in the process of evaluating a fix-and-flip opportunity for a single-family home (SFH) with the following details:Purchase Price: $1,000,000Renovation Costs: Approximately $400,000Estimated Timeline: 12-14 months from purchase to saleI'm trying to determine what would be considered "good enough" multiples and internal rate of return (IRR) for this type of project.

She states minor work is needed: covers for a couple of outlets, kitchen refresh, cracked window to be replaced.

I'm sure you could...as long as you're actually paying that expense to someone...oh wait, that person would be yourself...so you'd need to both record the income of you paying yourself as well as the expense of yourself paying you.