So there payments are $200 - $400 dollars under market.

I'm looking for a market where I can park the proceeds from my previous property and create some cashflow.

I highly recommend investing in a property management software, such as Hospitable, for syncing your calendar, automating messaging, and scheduling cleans, as well as a dynamic pricing tool, such as PriceLabs, for optimizing your pricing based on market demand, local events, and seasonality. 

Goal would be to acquire 20 rentals by the age of retirement, with some already starting to be paid off.I am in the same boat as you, and I focus on safe appreciation all day (small cash flow for safety and then focused on markets on that appreciate). 

There are markets in Michigan where deals still pencil thankfully.2.

I have a small team but work 3 different markets.

Being in the Austin market gives you a great advantage since it’s such a hotspot for investors.

Hey Paul, I've done a few of these with buyers moving money from California to the Detroit market. 

For example, you might choose to take a blanket mortgage covering all properties, BUT perhaps the market softens and later you wish to sell a property.

In many markets section 8 is higher than market rate. and investors need that extra return to mitigate the risk of sec 8 tenants generally speaking.