There are just a lot of investors happy to accept slimmer returns and higher prices. 

The chance that both tenants are bad is slimmer, but you have to worry about no-shows.You can also carry a gun, but don't do it without proper training.

@Chad Carrodus - I thought about it, but I feel that with a full-time job, I will not be able to be present for multiple tenants and do not want to make my ROI profits slimmer by hiring a Property Management company.

Margins are getting slimmer and slimmer.

Closer to the city more so then lowell, there are still deals to find up there but, they are getting slimmer.

Assuming you are happy with your work and lifestyle there, options are slimmer.

So positive cash flow is slimmer than other cities but I feel there is no better place to maximize  your ROI than Austin.

Ive come to the conclusion that foreclosure auctions are more beneficial for fix and flips than for buy and hold strategies because you have to buy at a lot less to renovate and get good cash flow where as you can flip a property bought on slimmer margins and still profit.

Some of the more vocal investors in this thread either invest in vastly different properties, in a different type of neighborhood, for a different type of tenant, and at much slimmer cash flow margins. 

They can add up quickly, from 5 - 10%.Cash Flow is starting to look a little slimmer isn't it.