I don't care a lick what someone that isn't investing their actual cash thinks I should do with mine.If I had $x to invest and my goal was to grow a multifamily 'empire', I wouldn't start in Austin.  

I kind of expect my first deal to be rough going and am willing to take my licks to learn things top to bottom.Two cents worth much more and appreciated.

We bought the kind we didn't have to lick ahaha.

@Michael Gansberg It's pretty clear in the lease and in MD that pests brought in by the tenant after 15 days from the lease is tenant's responsibility.Unfortunately, to cover me and my client's butt I have to chaperone tenant all the way through now....It's already gotten costly, as exterminator has been contacted and of course he's licking his lips saying "i need to inspect every unit"

New paint and a inexpensive lick and stick back splash and you are done.

And the cycle repeats over and over and over again.Granted, we don't have all the crazy loan shenanigans going on this time, and people are still licking their wounds from the Big Bubble, so the climb to the top won't be so steep, and the fall to the bottom won't be so dramatic. 

Entry-level hiring outside of summer clerkship programs was almost non-existent at the time since firms were still licking their wounds from the recession.

It will happen- just lick your wounds and try again.

I got my butt bit by the crash and went into a corner to lick my wounds.  

Doing things the right way will let you actually buy more houses while others are licking stamps and wasting ink.