A tenant lost his job at the same time as his wife, I met with them and found out they had family in Atlanta thay could move in with, but didn't have the money to get there.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Otherwise, you can never attain financial freedom because rents will not outpace inflation.How long your rental income lasts depends on job growth in the investment city.Non-government jobs are inherently temporary.

She has credit, he did not, but both had jobs and I still cosigned.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Great job James, cheers!

I can make more money spending the equivalent amount of time in my day job.

I would apply to all of my dream homes and trust that the landlords can't refuse me because I would be protected under the Fair Housing Act. 

Long term, the Austin market will do just fine with strong population and job growth.

I've been a broker dealing exclusively with multi family property over the last 20 years.Landlording is a tough job.