Use a buyer's agent that knows the market, contracts, negotiations, etc.If you really want to learn about investing, get a job in property management. 

In high barrier markets, rents have gotten stronger but not the double digit growth we had seen, which was an anomaly.  

The key for me wasn't to invest in the 'best place' but to know a market so well that a deal jumps off the page when it appears.

If he opts for a townhouse, a low HOA fee will help his buying power It gets tricky using lease agreement income when purchasing a house so I do not think that idea will work.

Plus, you already know the market, which gives you an edge.

Networking and market research will be key to finding the right deals and scaling your portfolio.

Connecting with an investor-friendly agent in your chosen market is also a good idea.

In fact, just finished one that I have yet to put on the market. 

In many ways, this is the best market for buyers in Austin in years.

There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.