Otherwise I would have to rip out the entire unit down to it's bare walls, including complete removal of the extra bathroom.So aside from issues of land building ratio, installing sprinklers, you have these other issues to contend with.

I have no idea if this is a "good" deal for the area at any price but I would contend that it'd still be a better deal than renting. 

However, we don't have snow or ice to contend with.  

We are cash buyers so maybe that helps eliminate some of the silliness the rest of you have had to contend with. 

There are always some great high school football contenders down that way.  

@Jarrod Covey, @Sterling Williams, @Leland BarrowNow CNBC listed Austin & Dallas as top two contenders for Amazon HQ2... https://www.cnbc.com/2018/08/16/as-amazon-narrows-...Which area of Austin / Dallas will be home of Amazon if this happen... 

There are two main factors you have to contend with in real estate.  

My next HVAC issue will be a strong contender for doing one of these units. 

traffic in the unit,, 1 person verses multiple people equal more wear and tear and your building will show it.I'd go single person,, don't do rent in advance,, or let it spill over what your paid this year for next years rental income / taxes.. section 8 requires a inspection if your unit doesn't pass you'll be delayed in placing the other tenant and the paperwork required is alot to contend with. 

I would contend the risk - not to mention annual costs to hold - are less than that of mutual funds.While there are many different ways to invest in real estate and you will need to identify those which appeal to you, if one seeks out buy-and-hold rental properties with a focus on maximizing cash-flow, then you care little about a down-turn in the housing market as you are not banking on the appreciation of your properties.