I have one rental in San Angelo currently that I acquired by probate and I’m looking to hit the ground running here in Lubbock.

How will timing of market cycles affect exit strategies and success of the project hitting expected returns?

You'll have a higher hit rate on the smaller, cheaper homes but less profit per deal.

Heck if I hit it early I will go for $100k!

If you want to compound money overtime, I think the classic BRRRR that everyone talks about so much on these forums, will accomplish that if you buy right, and understand each step in the process and what has to happen for you to hit the numbers you are looking for.I personally think the auction idea would be a nice option, you having a high risk tolerance and all. 

We like it because we get a lot of hits from people looking to relocate to our area that we would not have targeted otherwise.

$3600 for 6 bedroom.. make sure u hit that vote button ;)

Have real estate prices taking hit ?

People from northern states should probably not opine on southern cooling system topics, just like people from the south should not opine on northern heating system topics.You get the system checked *every* spring and fall and don't wait until failure to replace failing components.You DON'T want to have someone die in your property or land in the hospital because of the heat.

Drop the price to sell, take the hit and get rid of the dog.