overbuilt. just google Austin and over delivered or overbuilt and you'll find your answer. strong market, expensive land, expensive to build. 

I just had to pay 11k for a new Hvac system on one of my buildings.

It's great that you're focusing on building a solid foundation before diving into real estate.

Are there any similar surrounding buildings?

We have vacationed in this area for the last 9 years, infrastructure is building, and teardowns and renos are rampant. 

Even if it's a new build, with 4 units, you're going to have lots of repairs.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

Since your lot is already zoned RS3, you can (by right) build a new SFH or 2-flat.

A developer had already worked out deals with the owners of the other 5 buildings and finally got the 6th and final building under contract. 

The situation allows for an excellent opportunity to work with a property manager and build trust.I am looking to gradually build and scale my real estate portfolio in Atlanta by purchasing one property each year.