Population growth, strong job growth, multisector industry/economy (Never invest in an area propped up by a single industry, or worse, a single company), landlord and business friendly, strong development, strong sports teams (even minor and farm teams), lower crime rates than national average, and good schools/colleges nearby.

High cash flowing rental, especially since I refinanced during the low rate environment into a 15-yr, 2% mortgage.

This chart shows mortgage interest rates over the past 30 days.

My 2 cents is that for non-sleeping areas, hot tubs, pool tables and movie rooms are top amenities that guest have personally told me they like the best.I think an outdoor rated pool table (or maybe ping pong table), TV and comfortable seating would likely be the best bang for your buck.

Austin Rent rates also down 6% per Yardi-Matrix data, from 1 yr ago.

We were also thinking of trying to put a cap for the smaller units since their rate goes up as the $ amount and sqft goes down.

If that is part of your strategy, it works for long-term renters well, but the price point for school districts rated higher is higher usually.What are your goals?

First year a rate of 5.24% and after that it’s 1/2 point below prime for the life of the loan. $550 for an appraisal of my primary residence, no other fees. 

Her rate with NACA was 2%. 

Replace a 5% cap rate with a 20x EBITDA and you have the EXACT SAME THING.