Real estate is fast paced, and you will likely be competing against other investors to get the property.  

In 2019 I made the decision to join a private equity portfolio company and have been on the private side the last 18 months.I am very entrepreneurial in nature and enjoy technical evaluations, building out asset cash flow models, making presentations to management, and working with a fast paced / skilled team.

First most important thing is to do is pre-qualify for the mortgage and understand your buying power so you can set the pace of your power team.

But to my way of thinking a) real estate is not in a bubble like it was in 2007-8  b) housing stock is still not keeping pace with demand and that won't change quickly c) rents don't typically crash as sharply as appreciation adjusts downward - in fact, there can be a higher demand for rentals if home buying contracts and d) it looks like you've got a cash flow cushion to cover your expenses on this property.

Following a brief pause in October, consumer prices rose faster than the consensus expected in November and are now up at the fastest six-month pace in nearly a decade!

The demand has continued through 2020 with the City of Austin seeing double digit percent increases in year-over-year (YOY) median prices of homes throughout COVID-19.Austins market continues to outperform the rest of the nation on important indicators like workforce, which is 44% greater than it was in 2007.With 17,400 jobs added in October, Austin narrows the pandemic related job losses to 28,300 and puts itself on pace for a 1.9% decline in YOY job loss.Even the industry with the largest dip in employment — leisure & hospitality — added jobs in five of the last six months leaving our seasonally adjusted unemployment rate of 5.3%.

I was seeing this with quality properties in Oklahoma City in 2019 and still occasionally come across something that would conform to that pace, but there's a lot of trash out there painted like ponies.The surest bet would be a house-hack + a few single families, but for a non-owner-occupant investor I'd say 4 single family houses in a market like Little Rock would be a quality approach.

You want to ensure that it moves forward at a good pace and work is not doubled up.

The Charlotte commercial multifamily market seems to keeping pace or exceeding that of residential.

Usually people acquire properties at a more measured pace and the higher performing ones carry the weak ones until they too are carrying their weight.