Our focus is on mid market 50-100 unit's but happy to help.

Most will have large scale marketing engines where they spend thousands or tens of thousands a month, and operate or license time in call centers.

Not that I am aware of, but I am not aware of all softwares on the market. 

Curious about your experiences with the market, occupancy rates, and overall returns.

@Denise Lang - would NOT recommend my local market right now unless you can source it off-market. 

Which strategy below would you do in the Austin market? 

thanks for the guidance @Kaushik Sarkar Since it's development it will take longer to get to the exit. 3 years could be right depending on the market, if the project requires entitlements, how long it takes for permits, no major utility obstacles, etc.

Hi Charles,This is probably the fastest way to the poor house, mainly because, in Japan, houses are like cars as in their market value depreciates and goes to 0 over time.

I am leaning on local first for my next investment, but not ruling out an out-of-market opportunity. 

Granted, the real estate investing market was better in 2016 than it is now.Best of luck to you with whatever decision you make.