I'd like to think this could be useful in numerous ways.  

I have also come to understand that you can use a 1031 exchange numerous times, so converting an MF to another property or multiple is possible.

Austin will not see a major effect of the that in the housing market due to numerous reasons.

Your Cash Flow analysis is lacking numerous key expense categories (Vacancy, CapEx, Maintenance, Property Management, etc.) 

I have found that numerous people are getting the impression that you don't need any money to get into real estate investing. 

I have attended numerous RIEA meetings in NY and have only been able to connect with sales brokers and wholesalers.

There are two elements of taxable income when selling a rental property:Capital gainDepreciation recaptureDepreciation recapture is the process of "recapturing" prior depreciation taken on the property while it was held as a rental.

This also doesn't take into account how long it will take to find a long term renter, I have been told by numerous PM that the demand is there and rental vacancy is less than 1%.I am looking to use this home for long-term rental and have found that the average monthly rate is between $1,500-$1,800 / month.

I have received numerous applications and several people meet my criteria.

Every city has its own mix of 'good area' and 'bad area' thing going on to some extent, but the bigger picture needs to be solid firstly.Beyond that, I think you're touching on numerous different things here but my mind would be on getting actual numbers/data.