On the other hand, yoga studios seem to be doing great . . . this IS Austin, after all.

If you get food fast but it sucks then everything else doesn't matter.Take car audio for example.

He passed away when I was 12, so I didn't get his mentorship.I started real estate investing in the days of audio tapes, there were no fabulous resources like Bigger Pockets back then.

Bedroom Counts are King: 1 Beds/Studios are terrible IMO as you get "Lone Wolf" Tenants only on One Income. 2 Beds are your standard bedroom count, but then your competing with the local apartment buildings so getting Premium Rent is harder. 3 beds are great as they are more rare in the "Apartment World" so you can basically get a Bump-Up in rent as its not standard. 4-5 beds are AMAZING as they aren't standard and you can get much higher rent prices in general.I've actually house-hacked several 4-plexes in multiple states so it is a great strategy, but you need to know the nuance of rent and get the cost per door to $85,000 or less.

@Kyle Keller funny you say that, I'm listening to the audio book this morning.

Now, I have been approached to partner on a deal to buy/hold an apt complex (23 studios) but I need some of the money to come from the equity in my first investment property (townhouse) purchase.

Looking at Rentometer it gives the average rent for a 1BR in that area as $840 with the median being $800, also says >90% are $700+.Looking at the MLS rentals in the area seems to validate this with one studio that rented at $675 and nothing else listed for less than $875.

The same floor plan with similar upgrades is selling for $220k right now.The house has significant upgrades like Acacia flooring, plantation shutters, audio throughout the house, fresh paint, etc.

And if a voicemail is left, that audio file is also linked in the lead? 

One unit is has 3 BR, 1.5 bath 2 car garage ranch unit, second unit is a 2 BR, 1.5 bath 2 car studio style unit. 2,833 sq ft.