Inventory is now very substantially above the extreme lows seen in recent years, when inventory in the Austin area fell below 1 month (very extreme imbalance between demand and supply) for a sustained period.Kendall Garrison, CEO of Amplify Credit Union, recently said, “The good news is that we are moving toward a more sustainable level of inventory, which will provide price stability for sellers and more choices for buyers.

Ultimately, we had concerns about the borrower’s ability to execute in a timely manner and we did not want to delay the outcome an additional six months.

Once the tenants vacated, I realized I severely underestimated the amount of wear and tear the property sustained after they've lived in it for over a year.

Can you rent, occupy, or utilize it in any manner?

In 5 years: $100 x (1 + 4%)^5 ≈ $122 or a 22% increase.In 10 years: $100 x (1 + 4%)^10 ≈ $148 or a 48% increase.Unless your rents increase faster than inflation, you will not have the dollars to pay inflated prices and sooner or later you will have to go back to work.The key factor for rent growth is significant and sustained population growth.Sufficient to Replace Your Current IncomeYou will likely need multiple properties to replace your current income.

Once the tenants vacated, I realized I severely underestimated the amount of wear and tear the property sustained after they've lived in it for over a year.

Unless you have very high income, you won't be able to sustain anything.

Even looking at gross cash flow you are at -600/mThat is hard to sustain.

Each property should not only be as self-sustaining as possible but also, ideally, contribute to your income.

In a city like San Antonio, with a serviced-based economy, where over 50% of the population rent, and 17.6% live below the poverty lie, this creates rent-to-income spatial mismatch that's not sustainable.