In which area, this is what you would expect to rent for ($1,600).

It's crucial to thoroughly research different neighborhoods before making a decision.Regarding cash flow, it's best to set realistic expectations. 

With business and population growth continuing, do you think Austin might stabilize into a more balanced market, or could we expect another surge once this supply is absorbed?

@David Georgeson understand that you are frustrated, upset and basically looking for a scapegoat.Unfortunately, no PMC that knows what they are doing would be responsible for this.How do you realistically expect a PMC to keep someone from breaking into your property and illegally occupying it?

Some properties require only cosmetic upgrades, while others may need extensive repairs to meet local codes and buyer expectations.

We won’t close on time, or likely at all, and I’m expecting the $25K earnest money back, though I doubt I’ll recover the $30K. 

Expect buyers to experience delays as new flippers scramble to navigate these requirements and pin down reputable contractors willing to handle the work within reasonable timelines and budgets.3.

>East Bay rents dipped slightly but are expected to rise 3%-4% as vacancy decreases.

@Josh WellsRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Quote from @Henry T.: I topped out with 21 SFR's.