These people are living comfortable where they are now but not for long with SCI's practices to just make a quick buck.

A lot of investors start with something that's turnkey with value-add potential.

Does anyone know of any folks in the Austin, TX area available to show properties to potential tenants?

Our vision was ambitious, and we were optimistic about the potential returns.

Thank you @Jaycee Greene and @Hossein DaneshIn sum:- 42 apartment rental deal (land has potential to add 32 more on  two small building but that phase would be out of scope for this initial stage analysis).- Negotiated sales price $3.2 (seller financed)- 30% DP @ 7% / 20rs.

However, some challenges to consider are the additional paperwork, property inspections, and potential tenant turnover.

There are some teeth to HICPA since it works in tandem with the Unfair Trade Practices and Consumer Protection Law ("UTPCPL").

My concern with declining values, increased inventory and a weaker economy would lower rental income and could potentially put me into a negative cash flow situation.

Because you're new, it is a good idea to ask about the brokerage's agent training offerings and potential teams to join to get experience. 

You could potentially put as little as 3% down if it's a single family home and 5% down for 2-4 units.