I’d love to connect with experienced investors, agents, and property managers to deepen my understanding of the strategies and markets.

I didn't understand why I could not get my money out of a free and clear asset. 

As long as I understand the risk and mitigated the risk with sound exit strategies, I can let people live in my properties and I haven't had any losses yet.

These are all important considerations, and understanding the requirements can save a lot of headaches down the road.

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. 

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.

  $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.