Employment is incredibly diverse with multiple Fortune 500 companies, and it's got one of the nation's lowest vacancy rates, in addition to a recognized shortage of affordable housing & strong city incentives for section 8 rentals.

Try toget a big enough bank.3.Pickinga Lender-Don't go with a large National or Regional bank; or a small Low capbank.

There are Foreign National DSCR (no income or tax docs) loans available for investors like yourself.

These types of deals beat what everyone else in the nation is doing, so take what is easy.

I bought numerous investment properties and flipped some, and held others long term. 

Any thoughts out there -- it seems like there are numerous benefits to ownership of a home and a double rental home seems like it would protect some of my earnings and allow me to build equity into SOMETHING (anything) so that maybe someday I could even buy my landlord's home when his health gets worse and he cannot stay here any longer and we would live in our beautiful location with a rental on the property as well. 

After going through the process for pre approval today with a Mortgage banker for home loans they said since my income is a national fellowship stipend it cannot be counted AND my secondary source of income that I’ve had for 4 months also CANNOT be counted.

Most National or regional lenders have unit or loan limits above what you are needing.

Not to mention our appreciation has been 8% higher than the US national average, because of the high demand for affordable housing.

I feel good about the economy in Austin, it is the Nation's economy which has me concerned.