And keep us posted on your progress! 

I look forward to sharing my progress and being apart of this community!

Persistence is the name of the game, your best bet is to @ least send it once a month and create a system to notate when you contacted an owner. 

This is just over the 3 year mark and I believe I'll have to pay full capital gains (appreciated over $80k from date of purchase).I'm assuming my best bet is to give him the boot and make sure I sell the property before 3.1.17.  

(Bloomberg) -- Real estate investors could be in for a shock if interest rates rise or demand in some markets continues to fall because “amateurs” are plowing money in at high prices, betting on rent increases that may not continue, said Tom Barrack, the billionaire chairman of Colony Capital Inc.

I've read a million threads where people hint at appreciation and everyone's hair spontaneously combusts and a lot of people start freaking out about not betting on appreciation and invest for cash flow.

Will follow your progress.

Please keep us posted on your progress too!

Finding a good renter who likes condo living seems like a relatively safe bet...if the positive cash flow is not eaten away by capital expenditures, lack of reserves, and routine maintenance on big ticket items.  

However, many of the buy and hold deals I'm seeing investors do this year look like pure speculation to me, where there the deal is nothing more than a bet on the continued upward trajectory of the Austin market.