That'll make some of the regulars on BP scream, but it's a fact.

The Morgan philosophy was when blood is on the street you buy. 

Worst thing that ever happened to me was someone screaming at my asking "Do you know how to read?" 

Assuming a 30yr mortgage and 4.5% interest rate (likely too low), the P&I payment will be around $912, not including any escrow payments.Additionally, investing $305k (land + build) to produce $2600/month in rent is not exactly a screaming deal. 

The reason they stayed so long with us was because we had a good landlord/tenant relationship which entailed respect for each other, no matter what type of neighborhood they lived in or who they were.Landlording was and still is in my blood.  I

(yes, you will hear agents Scream but that's just their commission singing to you ;-) I wouldn't try to make it cash flow in Austin right now.

Multi's are the way to go, I don't even mess with SFH anymore unless it's a flip or just a screaming deal that I can BRRRR. 

The majority of the violence occurs in a few specific neighborhoods where rival gangs have been in bloody turf wars.   

Be prepared to get screamed out hung up on etc.  

On deal 2, we pulled a HELOC to fund other down-payments on 2 screaming deals that popped up, then when we sold the HELOC was paid off. and we still received a check for 45k. so our profit was 80k but 25k was already used in other deals, and it was still tax free!!!!!!