This is absolutely incredible.

Analysis is incredibly important. 

Frankly I think this is just the way it is on the internet - people expect everything to be free, and don't really want to pay for anything.

Now, when supply stops coming in at this incredible rate, Austin investors will see a return to rent and price growth.

This is incredible!

What other expenses are there (snow removal, lawn care, internet, utilities)?

While the wealth of knowledge and experience on BiggerPockets is wide and deep, I would not trust a decision like this to the internet, I would ask you CPA and if you do not have one find one who specializes in this sort of thing.

When you model that out it's a loser usually UNLESS dirt is incredible and you want them to leave to knock the building down and redevelop at much higher rents.

One thing to note is that property taxes are much higher, and the city enforces rental inspections more than any other market I am aware of.Having owned 100 unit rental portfolio's previously in numerous states, I think that DSM, and suburbs have incredible upside, but the key is management.

Ive found that offers with quick expatriations are either incredibly strong, or incredibly weak, with virtually none in between.