That's what these hands off processes are all about, not generating a sound investment opportunity for you.

However, vacancy means covering 100% of the expenses.Multifamily properties almost always generate higher cash flow due to multiple income streams, which also reduces the risk of vacancies.

The property management LLC's are the latest gimmick these alarmists use to drive up their revenues at their clients expense.

Best thing to do is have it I a high yield savings that is generating money on your money and is very liquid when you need it.

This is relevant for multiple reasons 1) appreciation is where the real wealth is generated in RE 2) real estate has tax advantages over cash flow 3) in CA property tax increase is capped.  

Additionally, how are you navigating the refinance stage, with lenders tightening up are you still Able to generate your desired profit by refi? 

Yes I could do a generator but that is more bother, tell the tenants to turn on the fireplace.  

Austin and it’s surrounding is on the top three list for highest decline and short term rental revenue.

What you do need to have is some revenue. 

My wife is a first generation Mexican immigrant and she loves real estate.