It’s not exactly landlord friendly but it’s better than NYC and you’d be close enough to either manage the property yourself or at least keep a sharp eye on your property manager.

Now, for when things go bad.......Yes, I have lot's of teeth in my lease, big, razor sharp, nasty teeth to it.

Large syndications (>100 units) has lots of advantages with that scale, but you definitely want to talk to a security attorney, here in Texas we have used Kaliser & Associates and they are very sharp - one of the owners is a multifamily syndicator himself, top notch person.

One important factor---aside from Austin’s outdated development code---is the recent sharp rise in mortgage rates.

When I had a deal in LA Plata,  Dominion Financial out of Baltimore and Frank Sharp with Watershed were interested in the area.  

I now provide pre-cut thick plastic washable shelf liners and actually have a clause in my lease about damage to cabinets -- no nails, push pins, other sharp objects (I've had tenants hang pictures with pushpins on side kitchen cabinets, screwed in hooks to hang things) and that stains and damage to cabinetry will not be considered normal wear and tear.   

For a first project I'm going to be busy; however, I'm not afraid of work & I'm sharp so I'm prepared for this challenge.

In sharp contrast to this deal, he was conscientious, timely, and anticipated many questions I had, and disclosed impacts to my potential deal up front.

You could probably do the same to the vinyl with a sharp utility knife. 

Thank you  @Guy Gimenez @Diya Sharp!