They’re turning every pasture out there into a new neighborhood which is going to increase your competition.

From those calls, you will have learned what your competition is related to lot rent, the sale of homes, how many POH they have, and what incentives you may have to offer as you sell homes.Next, you can advertise a home for sale yourself as a "test ad".

While you can make an all cash offer and be competitive, you are putting sizeable equity at risk in 1 investment.  

DC REIA also has some heavy hitters who come out and speak.

Austin is fantastic for appreciation and projected growth, but its a hot and very competitive market - and difficult to find cash-flow.

Speak with your agent and see what the competition has sold and what is on the market, who is the target buyer, etc.

Still, and even more importantly, location of the property, competitive pricing, applicant pool, etc, these will all play into your ability to get the place rented.Since it sounds like your situation was one where you're acquiring a new property, Grace has the right idea with 2-4 weeks ahead of time (but I'd even still say give yourself as much time as possible because applicants may fall through; ex. someone backs out after going through the screening process and showing intent on signing, but never does, generally you want to know that information well enough in advance that you can still not find yourself in a pinch.

It's the ability to repeat and systematize profit generation without being dependent on market conditions or competition.

Do you think there will be competition or are you doing a different combination of price and terms (e.g. $150K and 2 week close vs $140K and 1 month close)?

Swapped it out in the back , Fixed it in 15 minutes saved hundreds and a whole lot of heavy lifting because I was willing to learn and try it .