So, the actual increase to market rent will be much lower.

To each their own.Also, this was 2020-2021 when the market was nuts and every syndicator was looking like a rockstar beating expectations on their deals.

@Virginia Frost What market/city are you targeting?

Thankfully we are commercial bank clients so our rates are as low as you can get in the market place for anyone who is not Lennar or DR horton or those types.

You can also do value add STR & Multi-Family Rentals by starting with distressed properties and using a bridge loan to acquire them with a lower down payment compared to a DSCR loan.Networking – Connect with local investors, wholesalers, and realtors in your target markets.

Often they like to ultimately buy their properties and will pay over market value so they don’t have to uproot the established program to stay in the home they’ve been renting.

It's not like other markets where all info is online and everything is super fast and easy.

Housing is still affordable compared to other markets, which keeps renters and investors coming.

Not familiar with those markets, but here is my experience starting at 22 and what I regret after house hacking twice: https://www.biggerpockets.com/forums/922/topics/1133476-hous...

As you're just starting out in Austin, focus on learning the local market, particularly areas with good rental demand and lower entry prices.