Overall Austin is currently a Buyers market but there are some neighborhoods that are Sellers markets due to good schools, accessibility to Tech hub job areas, parks, entertainment etc.

Make sure it is somewhere easily accessible that doesn’t require any tools to turn off.  

If you want to make improvements on the replacement property you will need to either have the cash set aside to make the improvements, or after you complete your exchange immediately do a cash out refi one of the properties to access some cash. 

(to prevent excess costs) We don’t have access to WiFi in those units.

Up front fees of about $8k seemed worth the investment to have access to $200k at my fingertips.  

Paid cash for the purchase, and then financed into a HELOC to pull most of my funds back out and have access to the remainder if needed.

But, in today's market, especially if you are not a builder already with your own teams, the cost to buy an existing property is often cheaper than constructing.But like Jaron noted, you have access to capital through some form of refi on inherited property, and that gives you options on how best to invest that money.

Ironically, BP is now organizing content and CHARGING for access to that content, so they've gone full cycle. 

The real value I see in the course is that he has access to more capital than most investor would trust me with.

In Washington, where I was previously licensed, I had easy access to phone numbers for expired listings right on the MLS, making it straightforward to cold-call expireds.