This deal shows how the right rehab plan, strong execution, and full funding support can turn a dated home into a profitable success.What made you interested in investing in this type of deal?

The original closing date was in Oct 2022.  

That’s your cutoff date.

The key is ensuring tenants' move-in and move-out dates align to prevent long vacancies.

They’d only receive a step-up in basis on the part they inherited when your parents passed away.Your portion, on the other hand—since you inherited it entirely—would generally receive a full step-up in basis to the property’s fair market value at the date of death.

In Austin, there are a few channels that consistently produce off-market opportunities, whether you're targeting entry-level flips in 78745 or mid- to high-end areas like Jester, Westlake, or Barton Creek West.Some of the main sources I see working right now:• Driving for dollars in long-term ownership pockets• Pre-foreclosure + delinquent tax leads• Probate/inherited properties• Networking with local investors + RE agents• Builders offloading lots or heavy fixers quietly• Wholesalers who specialize in distressed or dated SFRs• Tracking aging or deferred-maintenance homesI’m in the Austin market daily and the deal flow has been all over the board lately — everything from heavy value-add homes to infill lots to luxury fixers.Curious what type of project you're aiming for — entry-level flip, mid-range, or something bigger?

That’ll help you stay competitive and attract qualified tenants faster.Also, make sure you’re very clear about your rental requirements in your listing — things like minimum income, credit score, move-in date, and pet policy.

You will want to add a date criteria. 

Up until a few years ago I kept it simple and used "Agreeable Grey" (a warm "greige") for just about everything, but now grey is considered over-used and dated.

Monthly bookkeeping and reviewing your financials monthly at a minimum is crucial for REIs for decision-making, cash flow management, tax strategy, etc.Otherwise, you're probably leaving some meat on the bone in your business.Everything starts with properly structured, accurate, and up-to-date bookkeeping.