Correct, I need to apologize for keeping my example too simple when most people on here are much more sophisticated in investing than I am.

We could have held off for a higher offer as the market stayed strong.

But aren't all good markets, meaning that's where people want to invest?

Hey @Jared Lyon, there are lots of people out there coaching investors that are doing lots of good work.

I have a clause in the lease that says the security deposit will be held in so and so bank with so and so address and interest rate will be xyz.

That might be the biggest hurdle - but otherwise, I'd check out "DSCR Loans" which are the perfect option for people like you looking to buy rental properties w/o W2 or DTIWe don't own any other properties other than the investment property we just purchased.

I may have an unpopular opinion for Austin Market but i think hype is going down and things are settling down still not to pre pandemic levels, probably wont happen due to influx of people that moved in.My understanding is more people will move out than move in to Austin next few years but that is with in circles i know not necessarily representation of austin market. 

I'm joining Bigger Pockets to try to connect with people who can teach me and encourage me.

More people are buying in the Owens Cross Roads, Harvest & Meridianville areas because you get more bang for your buck.

People are touring and signing leases the same day because of the urgency to live somewhere.