Stephen,Is the reason, besides needing a lot of work, that it is costing you more than you figured ?

I do a lot of driving for my job so I've been taking advantage of BP's podcasts!

You may owe a lot of tax and in my experience, you will owe a lot more tax than you are expecting.

@Mark Alex You can find a lot of information about tax sales/trustee auctions on the County Website: Sacramento County public auction tax sales are held the last Monday in February each year, with a follow-up sale in May or June.

A lot of great "in the trenches" advice on the forums.

A lot of condos here in Las Vegas run into trouble with financing because the owner occupancy for the community is < 50%, but generally speaking the bank should tell you precisely why.If you don't want to put any cash down, you can research creative financing techniques here on BP, but the more creative the solution, the less appealing it is (generally speaking) and is a tough sell in a hot market. 

You guys have definitely cleared up some of the issues I had, but have also given me a lot more to think about as well.I was obv thinking of a 401(k) to lower apparently was is my MAGI, but apparently there are other options that may be better, so I will def take a look at the article you mentioned Brandon. 

In Austin you usually need a lot with SF-3 zoning (duplex) to allow for a construction of the second unit, or ADU.

You will learn a lot of new things.

This means you need to buy especially well a(t a highly discounted price).Having a great and trustworthy contractor helps too on things you won't be doing yourself (permits).Finally a flexible Realtor is one of my must haves, one that can bird dog you deals and sell your flip for the ARV price they gave you at the beginning.Good luck - there is a lot of  competition in Wilmywood.