They have full time staff dedicated to seller/owner outreach and relationships...dialing all day every day.Seems like there would be lots of opportunity in SFR and apartment space in your market with interest rates nearly double caps rates.

Focus on neighborhoods near employers or schools, and explore slightly outside Austin for more affordable options. 

Looking at this past week's CMI, it's interesting to see the buyer/seller positioning in the SE-ish area compared to the NW-ish area with rates high 6's in JanuaryStill bullish on W/NW future demand due to TSMC factory and other companies (dashboard snapshot below) but time will tell.

I financed this deal on a 30yr conventional loan and I put 11,000 down with a 6.625% interest rate.

The maximum fixed-rate period seems to be seven years, and there is generally a balloon payment at 10 or 15 years.

.- Check the Off-Market Facebook Housing groups at your school. 

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

Yes, that means he will have to give up his 3.5% rate (or whatever it is assuming lower then today rates) but it is what it is. 

My Class A (Indy suburb, great schools) has appreciated and rarely any problems.

What’s not working right now is traditional long-term rentals—high interest rates have crushed a lot of those deals.