Hii I am a first time investor trying to understand if Austin is a good market to buy a SFH and rent.

- In our opinion/experience, it's important for an OOS investor to understand the "lay of the land".

BAM is a conservative operator and understanding of our current economic environment. 

This is actually quite helpful insight in understanding the reasoning. 

  $200/month divides into the $100K initial negative equals 500 months to recover the initial negative equity.Let's double the cash flow to $400/month.  250 months to recover the initial negative equity so over 20 years.Let's reduce the negative equity position to $50K (which likely is less realistic than expecting $400/month cash flow at that rent point), you are at over 10 years to recover the initial equity position.Now let's do it with all cash, no financing.The 50% rule state $900/month cash flow.  900 * 12/200K = $5.4% or about half of lifetime return of S&P 500, or what can almost be achieved with a zero work, zero risk CD.I see no way that someone who understands the numbers will call this a good investment.Note just because an investment is better than most other investments in a market does not imply something is a good investment. 

Quote from @Mikal Toliver: It’s an exciting time go learn, understand, and practice real estate estate investing.

So if I understand sub to, you're basically assuming the mortgage.

unfortunately this marketing specialist was NOT a specialist in marketing for real estate businesses, did not understand the unique requirements and characteristics of real estate, and hence implemented their “generic” on line marketing program.  

There are a couple of unique tax laws to real estate investors - 1031 exchange, bonus depreciation on certain improvements, Qualified Opportunity Zones, real estate professional status, etc.Make sure that the accountant you interview to understand the above concepts.best of luck!

If both houses were sold in 2024 then the loss will negate the profit from my understanding.