While my experience is only a sample size of one, what I've seen is a lot of upper age Baby Boomers getting fed up with Austin and moving to places like Bastrop or Elgin to buy fixer uppers that they spend their golden years fixing up.

What happens to the housing supply when all the baby boomers are gone?

I was 22, still living at my parents, dropped out of college (I was told by a professor that I was a terrible writer and would never be a great lawyer), had a 9-5 job working at a title company and now I AM EXPECTING A BABY!

What steps are involved, what legal documentation do I draw up...baby steps appreciated :)Thanks for any advice !

Its not "cash flow" or profit until you get all your money out of that big deposit you made.......Unquestionably use the $$ to buy other investments....make it work for you....don't tie it all up in one area that will take a LONG time for you to benefit from.

I am the least stressed person I know when it comes to finances now and sleep like a baby.

As a GC we have subs we trust but for our fee we are the baby sitters, picture takers, etc and make sure the subs don't go marking up the materials 100-500% like they do for normal customers.

Think of the baby seals and polar bears Greg! 

People with great credit stay in your house for 12 months and leave.My stuff is mostly in the hood in Baltimore City, none of my tenants require baby sitting but that could be because of the way I manage my properties. 

Rental returns are good and migration of baby boomers in my opinion will drive appreciation.