How does one define design choices, etc?

Preferably a duplex.

I prefer to not hire an attorney unless I must because I am afraid it will cost a lot of money.

Then configure this into your preferred CRM and you're off! 

Others are responsible with their budget and can stretch a dollar.If they are excellent renters, I would offer them the option to renew and let them make the choice.

What kinds of deals do you prefer?

If you added in the cash you should have to protect against contingencies, the actual return goes down (or the risk sykrockets, your choice)- If the $300K properties cashflow, definitely a better bet. 

@Rishika Garimella I am a local home inspector and investor in the area. i think Austin is a sleeping giant right now. the rates are really scaring away buyers. but since competition is so low right now, its a great time to snag some property while its not being ripped apart by investors. i think the hutto manor area is a great choice, once that freeway opens up that connects taylor to round rock, it will definitely become a point of interest.

The rate will change over time, so maybe not the best choice for some but its not a large some of money to adjust so I am ok with it as long as I get stellar returns from the properties that I purchase with it.

That's why I prefer absolute dollar appreciation rather than percent.