It's super sexy and as far as places to live go I bet you could move to Austin and not feel the Cali blues too bad, but please do not diversify into another cyclical market . . . that would be missing one of the holy-grail opportunities of long-distance investing.

due diligence for refinances the way we do for purchase preapprovals), so if your purchase is contingent upon a refinance, it will be viewed as higher risk than if it's contingent upon a home sale, and significantly higher risk than an offer that is not contingent upon either, the infamous "no contingencies at all" (including no appraisal contingency, etc) being of course the holy grail lowest risk for a seller or listing agent (these people might get to pay a tad less than they otherwise would, and still get the offer accepted, just because they come with the most certainty).

Rich Dad Poor Dad - Robert Kiyosaki (Arguably the holy book of RE investing)2.

Holy smokes this market has gotten completely irrational very quickly.

But I just use this as a guideline, not the holy grail. 

Erin and I drive around all the time in some neighborhoods that have proximity to the growing downtown scene and are up on a hill with these MASSIVE views of Pikes Peak and think, "Holy sh**, these homes are like $320,000 right now.

Multi-family is the holy Grail.

And holy cow the energy usage went way way down.Next, I tried it on a 2 bedroom apartment. 

Holy cow that might describe anyone over 60.

Interest rate is considered the Holy Grail, but if you move past that and are willing to take a slightly higher interest rate (as with DSCR lending), you can actually buy more properties.