If you disagree then you should just ignore the advice you get and plow ahead.

I heard a guy on Bigger Pockets video give a formula to use to consider if you should sell: If your equity is more than 7 years of cash flow, then you may want to consider selling to get your equity out. 

If not covered by the lease, why didn't the seller provide you a lease addendum about this ahead of time?

Right now, you are thinking of yourself and how to get you ahead and not stepping back and looking holistically at the process.

It is definitely not as easy as it was a couple years ago and we have difficult times ahead - but that doesn't mean I think it's a good idea for everyone to stop investing passively and run to SPY or single family homes.  

When the market swings the opposite direction, you'll be ahead of the game.

You will find other newbies there and others who are only a few months ahead.

I do think the MTR/STR mix makes the most sense for Austin - MTR most of the year but switch to STR to maximize during the hottest travel months (spring for SXSW, fall for ACL/Formula One/UT Football)

Are these markets dried up until the rent to price formula evens out a bit more down the line (if they ever do)?

. $550  / mth * 8 unit = $4,400 * 12 mths = $ 52,800 GRI  ****not $53,800****The formula for CAP = NOI/PriceNOI = [GRI - V&C loss + OI] - EXP  *****You did not subtract for expenses to arrive at NOI nor include a vacancy and collection factor****Assuming expenses are 50% and 100% occupancy (which 100% occ is not realistic all the time).