Just an update units actually rented higher then I even thought, I guess a ton of demand for anything "affordable" right now. 

It could be a supply and demand issue and not pricing.

Economists:It is said that there are 4 phases of a real estate cycle: (1) RECESSION (supply greatly exceeds demand and high vacancy rate); (2) RECOVERY (rental growth remains stagnant with little signs of new construction but the economy feels like it is headed in right direction); (3) EXPANSION (job growth is strong and increased demand for housing. 

For example, the Memphis market, where I'm located, has great entry points with strong rental demand and good cash flow.

Hi Jagan, Many of our investor buyers have been focusing in on TN due to good location and rental demands. 

Indianapolis, Indiana, is noted for its affordability, investor-friendly legislation, and high rental demand.

Sales volume in the GNO area typically peaks in June, and then demand begins to drop.

With high prices, you also get higher rents, and with low inventory, there is high demand for properties, even with some blemishes on it.A number of factors contribute to whether it is possible for you.  1) Location. 

Any insights on the market, property values, or rental demand?

There's absolutely a demand for 4 bedroom homes because many families are moving to Austin and need temporary housing.