Do your research, start with rentometer.com then check local listings, make sure to compare apples to apples.

I bought a 2 bed 1 bath town house I paid 25k for it I put 45k rehab is already rented 1,200 month the appraisal company says they can’t appraisal the property because I converted from 2 beds 1 bath into a multi family 2 bed 2 bath and a fully studio in the basement so they don’t have comparable home in the neighborhood plus I didn’t get any permits for the rehab I know is my fault but I would like to refi my property and move on to next one.

Fortunately, I have a relationship with a lender that will lay out my options for me and discuss openly what they can and cannot do.As I looked into this further tonight comparing to other multifamily properties near the area, it would appear that the listing price is incredibly high.

My point is that just comparing a CAP rate to a treasury yield is not a complete comparison.

@Betseat Getachew @Aaron Gordy & @Cave Johnson are right that Austin is expensive compared to most of Houston and Dallas, but since you want to house hack I would focus first on what town I would want to live in.

My real estate agent told me that I don't need A/C for that rental property because of expansive maintenance if compare to window unit which tenants will be responsible for.

Many would not have had the required discipline and sunk even deeper.My wife and I have a very low tolerance for debt and though we have utilized some borrowed funds to grow our portfolio it's very small compared to what some think it should be.

I want to compare what my realtor has recommended and see if there is any overlapping in order to make a sound decision.  

What are house values doing, how much are they selling for, what are the tax values compared to actual sales value, etc. and how has this information changed over time? 

Your depreciation guess seems low unless the land was very valuable compared to the building.