Quote from @Vikas Jain: Yes, I have already seen the buy-in, im less concerned about that part of it, but just want to make sure its legitimate (plenty of opportunities where buyin is high but it doesn't always mean the product is good, just been burned in the past by others so trying to do better due diligence this time around)Their success rate, as of now, is 100 percent.

So, I don't think frozen pipes were a concern.

We were on a very quick timeline and were able to get one quote that didn't seem too bad, but we still were concerned about future resale value.

Can you DIY projects and cost cuts? 

It may be out of state, so you will have to determine if that is something you are willing to explore.It isn't always cut and dry as some suggest. 

I want to know how is rental market in Austin area and my main concern is Property value went up recently and how it's coming along on rent and is there any opportunity for cash flow in austin marketThanks

The owners of 100+ unit complexes are not individuals who will be swayed to sell by a good offer or the need to cut short term losses.

Hi Leah, Why not just work with your current lender to cut the points?

That is one concern, but the current tenants have been there for a long time. 

I understand the crime concerns, but why do you think traditional financing is risky?