I think every market has those luxury areas that pricing is multiples beyond what any average person in the market can afford. 

Two other things to note about #401kloans:Possible benefit if the stock market turns south, the money outstanding against your 401k loan is no longer invested into the market! 

The TX market is a GREAT market to start in.

Hows the market up there these days?

My recommendation would be to choose potential markets - in several price points - that have strong rental demand and year-over-year rent increases and that also are in markets that are appreciating. 

Insurance market across the country is very tough, especially for older product. 

Crexi, Loopnet are probably the two biggest but why not work with an agent that can present you with multiple off market and listed deals?

We are always priced under the market average for properties, as we prefer a slightly higher occupancy rate over a higher nightly price.  

If you're active in the market or have any advice, I’d be grateful to learn from your experience!

Louis market!