Hi Olivia, Welcome to BIG Apple.

With Apple building a 133 acre campus in North Austin that will bring more jobs to Austin which will bring more renters also.

When you run income on fully rented that's best case scenario, before turning units, bad apples leaving etc.

It's around $1800, yeah it looks like a bad one, but I'm betting on future tech companies (apple, google) to bring more positions to the city and appreciation might be able to cut it, but I could be totally wrong though.

However, you are doing a similar apples to oranges comparison, but for a particular section of town. 

@Adam CelentanoYou are comparing apples to oranges when you're asking about investing in syndication versus buying a rental yourself.

Primarily because I’m a fan of Apple, but I’ll use Lightroom and a bit of Photoshop when I help my wife cull and edit her photo shoots. 

What you are trying to compare is apples to oranges.

For example we don't have any "application fees", etc.Know exactly how much you need to close and how much you will spend for the money by the time you expect to exit....compare apples to apples.

Note any differences, because prospective tenants certainly will.What I'm getting at is the low rent and higher rent properties may not be an apples to apples comparison,and to get the same rent it's more likely if they are very similar.That plus the current low rent tenants may not be able to handle a huge bump like that, so you will need new higher earning tenants.Good Luck!