Great Investment / Rental Property for Sale by Owner (priced $60K under Tax Appraised Value). The house is leased through January 2009 for $1,600 per month. I have owned since 2004 and have had the property rented the entire time (minus 13 days in that timeframe). I started at $1,500 per month and have raised to $1,600 per month without any problem finding tenants. It has been a great investment for me, but I no longer want to be a landlord. The house has 3 Bedrooms, 2 Bathrooms with approximately 2,400 square feet in the rapidly growing Austin downtown. Home sits less than a mile from both the University of Texas and the Texas state capitol building. Sits in established neighborhood and is within minutes of all local schools (Austin ISD). The property is appraised (by the Travis County Appraisal District) at $360K, so there is immediate equity in the property for the new owner / investor. You can view a slideshow with additional photos of the home here: http://s296.photobucket.com/albums/mm164/1315Comal/?albumview=slideshow