I would sell and invest in a better location closer to home.

Quote from @Michelle Fenn: Is it just my location or are a  great majority of rental listings on Facebook Scams.   

I'm an investor and agent located just north of you in Wauconda!

Location!

I would not put so much on an appraisal report.A number of reasons might be the answer for this lower appraisal report:1- What city is this property located?

Job, family, retirement, location, world, moving,  etc3.  

Like @Sarah Miller and @Marcy Albrecht said, you can buy places within the city limits but it's still about location. with that said, i'm always looking out for my end game. one of the issues with buying in certain parts of canton is that when you decide you're done, you may not be able to unload your properties.

I’m located in West Village and am serious about investing and connecting!

So, when asking is Austin still a good place to invest, maybe one should add: relative to what other location.  

However, a larger home may consider another can or two in certain locations based on proximity to the kitchen or bathroom.