I think my best option is to relocate to a cheap market, buy land, build a cheap house, and sell and once I gain more experience I can come back to Austin.

 - you can furnish fairly cheap (offer up, CL, buy nothing …, thrift or consignment stores, etc) but it take more effort and more calendar time.  

To me the cost of note servicing seems cheap compared to missing out on even one good deal per year.

Mobile homes in Parks are affordable housing as well as MH on private cheap lots in certain parts of the country.. and then of course you have HUGE areas of the mid west and rust belt were you can buy all sorts of houses for 200k and under.. they already exist..

I usually use Innago since its relatively cheap and fairly customizable.

It's still a pretty good story, but investors who are in funds VI and VII rightfully couldn't care less about the great timing of sales they had no part of.Sook, I appreciate your kind words about not being "fly by night", our rigorous accounting, K-1 delivery, and comprehensive reporting--your trust in us is not taken for granted.You say that you've invested with other sponsors who's properties have held their value--if you are ever in the mood to share more specifics on that with us I'd love to see what they are doing differently and perhaps I can learn something. 

You can definitely find great deals at a very cheap price point - $120k-$180k.

Courses online are relatively cheap and there's some brokerages like kw that have offered free online courses with no obligation to join afterwards.

Again I'll do more research on how much this could cost but I imagine it wont be cheap.

I keep hearing that umbrella insurance is cheap but I don't find that being the case.