Because they were new units, you could maybe break even after all expenses and the mortgage, and then own them in 20-30 years outright or cash out if/when the value increases, which could easily happen as Austin swallows up surrounding areas.

All the gurus offer one little bite of something great but it comes on a plated package with other stuff that can be VERY hard to swallow. 

Seller originally asked 50k, and I thought he was going to balk at my low offer.....It was a a lot easier to swallow once I explained step by step what my costs were, the extent of the rehab needed, and how much profit I would need to make. 4.

.- last note, and that may be hard to swallow, but in my humble opinion, any investor could benefit from running the scenario in their head of having to let an investment go and losing it if times get really tough, as terrible as it may be.

I agree on not cashing out my 401k as it is at a level that the penalties would be way too much to swallow.

So the competition here is quite excruciatingly painful to swallow, and not even factoring in the commute and the bubble over price rent.So back to the story, after 2years of saving my money i was able to begin my process in fixing the home I bought which was sitting there not doing anything for 2years (I was scared to rent it out to people I didn’t know, and felt it was not livable condition).

That's some tough news to swallow.

So I swallowed the "that's a lot of money" fear, joined the PIG, and am focusing on multi-family passive investing for now.So I'm not an expert on SF. 

At least for me, that's a hard pill to swallow, since that's a direct hit on the cap rate forever.

They do a pretty good job of explaining it but it is a lot of information to swallow.