It all depends on your perspective of the economy.

If the multifamily space crashes, it will bring the regional banks (and, therefore, the economy) down with it. 

The owner said that it's due to him living in Florida and visiting 4 times a year, the downturn in the economy, and employee turnover. 

How is the economy?

In the end he ended up getting offers for both, but the rental market proved much stronger and he decided to rent it. 

There is an abundance of opportunity here for reasons such as Intel, Google, and Amazon investing billions of dollars into the market and plenty of other business moving here for the rising economy. 

Energy is a huge industry in Texas but the states economy has diversified significantly since the 80's oil bust. 2.

How real-estate in this economy today?

Look for areas with strong job growth, a growing population, and a stable economy.

Do you have burning questions about property values, interest rates, or how the economy will trend for the rest of the year?