Nova has an abundance of town homes which also interest me.  

Hope this helps out others.BP Post abundance of info (Thanks @Chris Dawson)https://www.biggerpockets.com/...Kansas City Zip Code Map http://www.zipmap.net/Missouri...Heat Map (Thanks @Eric P.)  

There is a lot of prep that goes into it, all things which you may not necessarily do now as a LL or investor: 1 - You NEED to be an entity (LLC, etc.) for liability, for taxes, for validity - $5002 - You NEED an abundance of insurance E&O, buiss. liability, umbrella, etc. - $2,0003 - You need to be licensed (depending on state) - $1,200+4 - You need to set up special dedicated bank accounts escrow, operational, etc.- $200 (<-- your time and effort)5 - You need to draft or send your existing documents leases, agreements, etc. for attorney review - $500+ (<-- even if you don't you'll have to modify them/ time and effort)6 - You certainly need to establish your Tenant approval criteria and get attorney approval - $2007 - Property management software... no not excel, or cozy... serious software that allows you to have owner portals, tenant portals, maintenance, 'pull' funds from tenants bank accounts, send 1099's to owners, etc. -------- $600 - $3,000/yr.

I would recommend analyzing deals daily, there in an abundance of information on the BP website and a many very good YT videos on how to analyze quickly.

Can someone help me understand why you would want to buy in an area that has an abundance of available rentals?

We'll be in Austin during the Thanksgiving week and are excited to explore the opportunities that seem to be in abundance there.

In the past few months there have been an abundance of "experts" claiming there were many bad omens being exhibited by the market. 

Home in an area with abundant street parking such as across from a cemetery, or by turning your Packard into parking with "minimalist landscaping" or paving.In order to account for all costs including PITI, utilities, cleaner, landscaper, maintenance, etc you want to have 6+ bedrooms but really not much more than 9 though I have heard of some with 10+ units.

A high earner without the investments who spends it all will not gain advantage like the wealthy with abundant assets.

I would imagine there aren't an abundance of deals to be done.