He suggests a paid off primary residence, more than 1 source of income (real estate, retirement/after tax brokerage account, social security if old enough, part time job or business, etc.), and $500k in liquid assets. 

Know that there is still robust demand for Austin housing and that prices are still considerably higher than just a few years ago.

We have been served with a subpoena by the Securities and Exchange Commission.

In the event that you do have a true squatter its a fairly standard eviction process which is unfortunate but does happen in this business.On a preventative note if you have a vacant unit you can put in a security system that uses cellular and you will get notification if anyone comes in. 

I have a smart lock on the front and back door.However, most of my properties have security doors on as well (my STR does not) and it just isn't possible to have smart locks on these.

I assume securing a Buyer is one of those responsibilities... and vetting potential buyers would fall under that category ...  

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

Larger amounts you would be the sole lender and the sole bene so your secured and your HML is taking the points for their fees.In CA you can do fractionalized loans were the Bene's are actually co beneficiaries with secured interest on the loan..

Is the percentage rent from restaurant sales baked into the income that makes the cap rate look more attractive but isn't actually stable, secure income over the long term?

I'm trying to decide between building an Accessory Dwelling Unit (ADU) on my existing property (secured permit) and investing in a rental property in a cheaper market.