I suspect they will be highly sensitive to that.

I am also looking for tax optimization as the business will require cash reserves and is a high risk business from a liability perspective.

Now, if you listen carefully you will find that he too found some of the same things that others mentioned...no deals in Austin, prices were too high...but then he adjusted his approach and nailed it!

Schools are solid, demand is high, and I think that you'll see an increase in housing prices in the future.

Nobody wants to be around people like this, so I’ve had to lower my rent drastically and have a high turnover rate here.

Understand that high returns mean high risk in any PASSIVE investment.  4.

A lot of people negatively arbitrage their 30-year mortgage, after taxes, if they keep money in a high yield savings account instead of prepaying their mortgage, because the savings account pays 4.25%, and their mortgage rate is 3.75%.

If you are able to lock up deals and you mess up the repair estimate (like most wholesalers), no one is going to buy it and you will be buying too high.

If you have large debt with a high interest rate, I would consider paying that off before getting started investing in real estate. 

As a US citizen I have an SSN, file taxes every year on my foreign employment income, hold US-domiciled assets (stocks, IRA, 401k), and I have a ~15 year credit history with a decently high score.