In this completive market, it seems as though off-market deals is the only place to really find a "comfortable" position to be in (although completely aware that we are all in a risk filled area of investing). 

I'm not a tax advisor, so use at your own risk.

Definitely not, IMO, Been there and its a waste of time and money and risk unless you have dedicated plan to take advantage of having it.

Nicholas,I think you may wanna read the threads below before hiring any of Bob's "guys".Exposing more of Bob Prisco's (AKA Bob Stevens) LiesWho is Bob Stevens AKA Bob Prisco and what's his involvement in Cleveland?

Same property manager staying involved (did $56k last 12 months).  

Of course there are other great areas in the Austin MSA depending on your strategy and risk tolerance.Let me know if I can answer any questions or share my thoughts on any other topics.

Starting small through house hacking, long-term rentals, or flipping helped me gain experience without taking on too much risk.

Risks and ContingenciesWhat happens if I can’t sell or refinance the property within the loan term?

Using your first property as collateral could help reduce the cash you need upfront, but it’s essential to weigh the risks and it's not really recommended specially if this will be your first.I recommend focusing on building reserves or seeking partnerships to fund flips.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.