Investing and income

[Amol Patel]

I am from Bay Area but can't afford to buy a home here. So was thinking of buying a home in Austin or some other high growth rate in the country. My aim is to,

1. Buy something below 300k.

2. Something that rents out faster. Is there a metric to know how fast a property rents out?

3. I can at least make break even money if not make positive cash flow.

Is this even possible? If so, my question is, if the rent is higher than mortgage why would anyone rent?