This is just markets behaving normally, Austin was my first target two years ago once I got wind of the permitting and homebuilding we saw the long coming in and whether it was 2,3 or 4 years the entry point was way in front of us.I don't know if anyone gets "use to" 7% rates without home prices behaving and/or wages responding appropriately.

Maybe you can expand on what kind of properties and price points you're targeting, buy & hold vs Flip vs MTR etc?

Many people start out active because they want exposure to real estate and don't know that you can start out passive - you can effectively hire the asset manager and supply capital to the investment.You can have great success as an active or a passive investor - but it is important to understand the difference and to select whichever option matches your skills and resources the best.Good luck!

But I'm also going to visit the other resources you mentioned. 

And make sure you have the financial resources to handle that. 

As long as I can get my target numbers without being pet friendly that is what I will continue to do. 

How valuable is the first lender as a resource and network connection for you?

If I gave oil rights to one entity and mineral rights to another, what would happen if both entities discovered their rightful resource in the same place?  

You can also target a SFH that has a casita or has room for one to be built.

What I don’t understand is how to overlay all of that information to pick a good spot and I also don’t understand the appropriate thresholds for each of those indices (income, percentage in the target age group, and how dense).