You just recognize that you're sacrificing return on your investment for the safety of owing nothing on the property.

After talking with a property manager, I am leaning towards sacrificing cash flow for a better property, easier to manage tenants with more stable incomes, better schools and resale value.

I was on the fence about multi-family investing and was definitely aware of sacrificing great cash flow for hopeful appreciation.

@Will Barnard is correct about sacrificing appreciation for cash flow.At that price point, with very little rehab, I would look at Southwest Arlington (Martin High School area, if you can get Ditto or Little Road Elementary even better), the mid-cities area (Hurst-Euless-Bedford), Northern Tarrant County (North Richland Hills, Keller) and East Richardson (Berkner HS). 

They are not sacrificing much by moving to Austin.

Cash flow just happens, in time, but not worth sacrificing acquisition of additional properties by having to put more down to obtain cash flow.There are 4 main benefits to owning real estate: 1.

Is it best to rent both houses to one party and have them be responsible for all utilities (this would probably mean sacrificing gross rent) or try to rent them separately and include utilities for a higher rental rates, but risk tenants being wasteful of light and water?

I am not experienced in such developments, but your situation made me think ... to fit as many parking spaces on the lot as possible without sacrificing building square footage, one option is ground level parking underneath the structure.

My only additional expense is cable/internet and insurance which run about $150/mo total.I net around $1,200 per month on this little thing and the demand in this area would allow for dozens more without sacrificing occupancy.Sorry for the long post... long story short, how would you find a turnkey investor who would be willing to buy properties and rent them to me long term (possibly even triple net)?

Since we are househacking and plan to live here for a decent period of time, I'm ok with sacrificing a bit on the numbers for quality of life.