If you are looking 1-2 years down the road and still see $2000 per month, then you really need to reconsider your chosen field.One of my tenants has a weekend side job delivering pizza and makes $200-300 in tips on a Saturday.

I'm located in Jacksonville Florida, and I have one property here, one in Virginia, and I have chosen to expand into Huntsville AL.  

@Richard Dunlop  nope I mentor for free.. but I am choosy so far I have not chosen anyone to mentor.actually truth be told when I do something with someone its the opposite they usually make a lot of money not spend it... !! 

I mention this to say that no time of the week is 'good' for us, so we will do our best with whatever gets chosen if folks are getting together.

The consultant has an important role to play and should be chosen carefully.

As for investing in an MTR in Austin, you've chosen a super cool town that is uber popular and the costs reflect that.

We have chosen to target international students.  

Education, knowledge, experience, ability, capital and luck have much more influence on success that the strategy chosen.

You can probably get this coverage independently from the lender chosen.

(I think that the "repair costs...might be a lot more than you are expecting" comment by David above was meant to mean the initial repair costs - rather than $5k).One more thing:  If you're going to knock back a 4-plex based on your best research leading you to believe you'd only be getting $191/m per Unit instead of your own randomly chosen must-be-$200+/m criteria, then I wonder how keen an investor you are to begin with?